Well, you are seeing this from one angle and failing to see it from another angle, the dangers you talked about are there just as you have described it, but did you even bother a bit to ask yourself, what it will take to buy up to 2 million or more bitcoin from the open market? Even buying 50,000 bitcoin can drive the price of bitcoin up high to the roof, not to talk of buying up to 1 or 2 million bitcoins, buying up to this mentioned about of bitcoin, I can tell you will drive the price of bitcoin to nothing less than a million Dollar, now think about what will happen when one have to spend up to a million dollars just to own 1 bitcoin, and you need like 1 million bitcoins, and remember the more you buying, the more expensive it gets.
This is why I think it's not really all that easy for any individual or governments to own up to 2 million bitcoins without them emptying their reserve or treasury.
Actually it`s possible with time and according to what Kennedy's planned if elected as presidents is something that is really feasible for them and with time his plans would be accomplished.
Kennedy, who is running as an independent, said he would direct the U.S. Department of Justice and the U.S. Marshals Sevice to transfer about 200,000 Bitcoin held by the U.S. government to the Department of Treasury to be held as a "strategic asset."
Kennedy also told participants at Bitcoin 2024 in Nashville on Friday that he plans to sign a separate executive order directing the U.S. Treasury to buy 550 bitcoin daily until the U.S. has a reserve of 4 million BTC. There are about 21 million bitcoin in circulation.
This is a big issue from the fact that it could bring centralization and market manipulation which are things we Bitcoiners also not ought to ignore, which will make the government finally having somehow the ultimate say on Bitcoin.
OK, i think now I understand better, but still, i say this is nothing to be afraid of, specaily with the fact that what ever Will be, will surely be, 550 bitcoin everyday with a target of 4 million bitcoin, simply means that it will take the government about 19 to 20 years to achieve their goal of acquiring 4 million bitcoins, and this is if they continue to buy 550 bitcoins every blessed day without missing a single day, else, every day missed will futher extend this time period.
And also think about what every day purchase of 550 bitcoin will do to the price of bitcoin in the short, medium and long term, minus the fact that 20 years is a very long time, do you think Kenedy will still be on power as US president in 20 years from now if he wins? Unlikely if you ask me, and there is no absolute guarantee that the government that will come after Kenedy will buy into same idea as Kenedy is proposing now.
The long and short of all that I am saying here is that, there is absolutely no reason to panic, specially with the fact that what ever will be will surely be, and if this is meant to be, I don't see anything you and I can do about it, so why worry?