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- Bitcoin gets accepted everywhere, every government legalizes it, all mining is centralized, everyone must register every address with the local IRS, you're not allowed to send money outside legal addresses and miners are refusing those, every single transfer is taxed, the government can decide at any point to seize your coins and can do that with ease. BUT the value will go up 1000x times to 30 big ones!
- Bitcoin is not legal tender, but the genie makes it so that the government has no way and no intention of making any move against it, nobody is banning you from owning, nobody is taxing you, nobody cares about your KYC, AML, taxes, profit, any legal action against anything that involves Bitcoin is impossible and illegal, any seizure impossible as it would break the law, you're as free as one can be. But the price stays forever at $30,000.
No middle way, no trick, no further questions, no this or that, your choice and tell me why this and not that!
1. I guess most would choose this option. Like look at everyone right now. Most of them invest to make profit. They all eventually sell their coins and enjoys their profit in "fiat" currencies. And we already see a lot of people using centralized exchanges or wallets. Their coins can be seized anytime. So those people won't actually notice any difference, other than some "extra" paperwork (which I also think will automatically be done by the exchanges/wallets). A quick 1000x profit for them.
2. No action taken against individual involved with bitcoin? No AML, KYC or taxes? This option will be taken by those that are actually involved in illegals stuffs. For them, the value of bitcoin won't matter. So if the price is $30,000 they are fine with it. Taxes wouldn't be a problem for someone who chooses the first problem. So like I said, most likely this option will be preferred by criminals.