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Then They Fight You: Bitcoin and the United States’ Fiscal Crossroads

Author: Content Editor
This article explores three potential scenarios for the future of Bitcoin in the United States. The first scenario, called the restrictive scenario, imagines a situation where the US government uses coercive measures to suppress the use of Bitcoin and restrict its utility. The second scenario, called the palsied scenario, envisions a situation where partisan politics and bureaucratic conflicts hinder the government's ability to take meaningful action towards or against Bitcoin.

The third scenario, called the munificent scenario, presents an optimistic outcome where the US embraces Bitcoin as legal tender alongside the US dollar and works to reduce the national debt burden. Under this scenario, the US would back the dollar with Bitcoin and adopt fiscal and monetary policies that promote economic growth and prosperity.

The article argues that the future of Bitcoin in the US will depend on how the government responds to the fiscal and monetary challenges it faces. The outcome could range from a restrictive and hostile approach to a more accepting and supportive approach. Ultimately, the future of Bitcoin in the US remains uncertain and will be influenced by a variety of political, economic, and social factors.

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