Or it could be like Executive Order 6102 where they confiscate the gold owned by any people and change them with useless fiat. Imagine if you're forced to give your Bitcoin and then they only give your fiat lol. In this case it's no longer bullish, but it's dangerous.
I think people might be tricked, if the government offer to pay 120% higher in fiat to trade with Bitcoin, many people will agree with tht.
~snip~ I wrote something along those lines, because people who are expected to do something good have already shown many times that they do not keep their promises and that they say one thing and do something completely different. When I read all the ideas Donald and his puppets have, we must be prepared for the possibility you mentioned - because what happened with gold could happen again with Bitcoin.
People will do anything to make a profit (most of them), even if it means that they will agree to a deal with the devil himself. In the end, we may describe this whole story as
"a lot of promises, a lot of hope and even more disappointments".