A well-known Twitter account claiming to be for amusement, The Digital Asset Investor, shared a message by Ryan Selkis, the founder and CEO of the market information platform #Messari in which he argued that the US needed to "limit or prohibit" #crypto seizure. The Digital Asset Investor said that if a "tyrannical government" chose to confiscate crypto, it will develop tactics to either make the investors part with it or make the asset "not worth possessing".

Importantly, on March 19, the Digital Asset Investor tweeted that the "Endgame question" always concerns the likelihood of either maintaining the assets or even receiving compensation:

In a tweet on March 18, Selkis reiterated his previous assertion that "private property seizures are impossible," adding:

Gordon Gekko, the principal architect of the meta governance protocol PowerPool, responded to Selkis' tweet by saying that the right to "freely manage digital assets on decentralized public ledgers" should be added to the Bill of Rights and that the Congress should never enact legislation that would restrict this right.

Notably, on March 16, Selkis tweeted about some issues, including the limitations on ownership of cryptocurrency assets as well as the development and security of digital assets, that Congress should take into account:

Astonishingly, the CEO of Messari emphasized that Congress should vehemently reject any measures made to criminalize the holding of cryptocurrencies, adding that all "efforts to unfairly target or hamper the development, accessibility, and security" of digital assets should be under its supervision.

Astonishingly, the CEO of Messari emphasized that Congress should vehemently reject any measures made to criminalize the holding of cryptocurrencies, adding that all "efforts to unfairly target or hamper the development, accessibility, and security" of digital assets should be under its supervision.

The US crypto aspirants aggressively replied as the Digital Asset Investor reposted Selkis' material, highlighting Congress' responsibility to help the crypto business. Many tweeters made the suggestion that finding other countries is preferable if the US is hostile to cryptocurrencies.

In a recent tweet, Ryan Selkis, co-founder of on-chain data analytics firm Messari, made some bold predictions about the future of Bitcoin. He claimed that the cryptocurrency would reach the $100,000 mark within the next 12 months and that there would be more bank failures in the coming weeks.

Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.

According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.

Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.

However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.

As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”

#Bitcoin #BTC #BTC100k #Messari #azcoinnews

This article was republished from azcoinnews.com