In the coming inflationary crisis, governments will move to suppress Bitcoin and gold as competitors to their currencies (inferred window: about two years, to Feb 2023).
Partly right ●●●●●
“In an inflationary crisis, governments will move to squash competitors in the currency arena. $BTC #gold.”
- Said on
- 18 February 2021 · Post on Twitter (deleted shortly after), in the same tweet as "Prepare for #inflation". Framed on an inflationary crisis, which he expected to come; no window given, read as about two years.
- Source
- Michael Burry of 'Big Short' Fame: Governments Will 'Move to Squash' Bitcoin · Decrypt
- Should come true
- 2023
- How sure they sounded
- will
- Categories
- CryptoEconomyPolitics
- Importance
- 3 of 5 · Government crackdowns on Bitcoin and gold would reshape the crypto industry and monetary freedom in major countries.
Outcome
Partly right
China banned all crypto trading and mining in September 2021, but it was not facing an inflationary crisis, and its crackdown had been under way for years. In the high-inflation economies (US, UK, eurozone) governments did not move to squash Bitcoin or gold during 2021-23; the US issued a broadly supportive digital-asset executive order in March 2022. Scored partial rather than inaccurate because of the China ban.
- https://kathmandupost.com/world/2021/09/24/china-s-top-regulators-ban-crypto-trading-and-mining-bitcoin-stumbles
- https://china-briefing.com/news/china-makes-cryptocurrency-transactions-illegal-an-explainer
History
- 2026-10-17 07:10:13 · created by claude
- 2026-10-17 07:10:13 · categorized by claude
- 2026-10-17 07:10:32 · scored by claude