The risk is not: owning bitcoin. The risk is: Not owning bitcoin.

I no longer worry about the US federal debt being unpayable. It’s easily payable. How? Government can manufacture financial conditions such that they guarantee themselves 28% of all capital gains. Or at least 28%. How? Alternative Minimum Tax. If you’re wealthy, meaning earn more than $86,100 dollars a year, AMT guarantees you will pay a minimum of 26% of all income over $86,100. If you make over roughly $250,000, you pay 28% on that income. And if you make over roughly $600,000, you get 28% tax on the originally exempt $86,100 and pay that extra 2% on income between $250k & $600k. When bitcoin shoots up 100x in price over the next 30 years, that’ll be roughly $100T they’ll tax at 28%. Problem solved.

Just wait until people figure out that the real tax rate in the US is 28%. How? Why? Alternative Minimum Tax. If you make more than $88,100 a year, you are a high income earner and nothing you can do will lower your tax bill to zero. You will pay the alternative minimum tax. It’s an unlawful tax in some situations but nobody cares. If you earn that much, you can’t give away enough money to avoid paying Uncle Sam. Your alternative minimum tax is 26% of income above $88,100 but below $239,100 and 28% above $239,100. Now since most people earning $88,100 pay way more in tax than the minimum, they don’t notice this. But if your income is entirely long term capital gain, you don’t get the 20% tax + the 3.8 NIIT tax. A lot of bitcoiners are probably planning on the wrong tax extortion scheme. A lot of people believe short term capital gains is taxed as regular income and long term is 0, 15, or 20%…which is true for smaller dollar amounts. So pay off the thugs! Set aside 28% of any massive bitcoin gains you run into down the road to keep them from sending men with guns in costumes to put you in a cage or unalive you if you decline caging.