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![gvictor808 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1328028069278334976.png) Victor [@gvictor808](/creator/twitter/gvictor808) on x 3088 followers
Created: 2025-07-19 20:32:36 UTC

Forget Quantum Computing, we have an existential threat to Bitcoin right now.

1) Coinbase and Fidelity control more than XX% of all Bitcoin, including all of Blackrock and Strategy Bitcoin, and the honeypot is growing by $1B per week.
2) Democrats declared war on Crypto and that war is only on pause under Trump; you had better believe that Chokepoint XXX is a certainty when the Democrats regain control.  "The 3rd time's the charm"
3) Democrats can pick any number of excuses to grab the honeypot: debt crisis, prop up dollar as reserve currency, stabilize banking industry, national defense, prevent catastrophe, reaction to a bad-actor getting exposed, manufactured crisis, false flag operation, etc.  The point is that the honeypot is irresistible on its own, and killing/usurping Bitcoin is a massive deal-sweetener. 
4) Eminent domain action on US citizens' property is well-established, and Bitcoin is Property under US Law.  A forced sale of those custodial Bitcoin is not "unamerican" any more than any other eminent domain action.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946669522485989569/c:line.svg)

**Related Topics**
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[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
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[coinbase](/topic/coinbase)

[Post Link](https://x.com/gvictor808/status/1946669522485989569)