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.
cutive-orders-if-elected]
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.
Government had been long time made out those kind of warnings about Bitcoin or cryptocurrencies but it seems that they cant really be able to stop the crypto community not only on the sense on making them stop on investing into crypto but also they cant be able to crack down those projects since these things are decentralized and couldnt be possibly be able to stop it technically on which they've decided instead on dealing or making involvement into it. They might not really be that capable on stopping things but they are really that good when it comes to manipulation aspect on which if someone could really be able to acquire coins then of course they could also do that. We do know that government funding is really that huge if they would really be that tending to purchase up something.
This is why its not really that shocking that one day they would really be owning that significant amount of coins on which it could really be causing up that kind of manipulation that could happen in the future.
Somehow basing up on the numbers that they are on possesion then it isnt really that still big basing up on the total amount of supply but pretty sure that sooner or later on the moment that
they had accumulated enough, then they do have that advantage on moving out markets basing up into their interest.
I have long known that the authorities have been playing a hidden agenda, they publicly clamp down on the cryptocurrency ecosystem, making it seem like a financial cancer that needs to be cleansed but secretly holds a larger share of it. The scary part is that they can detect how the market flows one morning if they feel like it. The ecosystem was created to put financial power in the hands of individuals but somehow the whole genesis and ground root idea is being lost. The more government authorities interface with the ecosystem the faster it becomes another government-owned financial institution.