Oddbean new post about | logout
 Sounds a bit naive to me.

How low will it take for some big western states to outlaw private holdings of Bitcoin similar to how the US did with Executive Order 6102 in 1933 or the UK did in 1966  (Exchange Control Act 1947)?

Sure, they can't seize Bitcoin. But making holdings and trading illegal for citizens would probably scare off enough people to kill the vibe quite thoroughly. 
 It could happen because anything could happen, but with BlackRock on the table now, it's very unlikely to happen, IMO.