You are correct.
The situation is even more concerning, though.
The POTUS and the US Congress own every single American pleb.
The Bitcoin plebs may "own" and control their satoshis, but they are themselves fully owned by the property owners.
The 536 slave owners own "their" money, children, stocks, pension, house, guns and socks.
Fuck.
"Your" life is a privilege granted by the lawmakers.
All privileges can be removed.
Well hopefully Bitcoin will fix that
But I fear they are going to do their very best to not let that happen