In a recent interview, Michael Saylor argued about regulation of cryptos. ([https://www.realvision.com/shows/raoul-pal-adventures-in-crypto/videos/taking-the-sec-very-seriously](https://www.realvision.com/shows/raoul-pal-adventures-in-crypto/videos/taking-the-sec-very-seriously) you can skip to minute 68+) If you watch his statements, it becomes evident that Saylor is lobbying for a world where bitcoin is held and traded within established organizations. While that his fine, he favors some very nasty regulations, just to pump the BTC price in the short-run. My concern is that it will kill it in the long-run, though.
Specifically, I see the following:
1. If you have KYC everywhere, the government will see who has what and bitcoin becomes a fully transparent wealth ledger. Coinjoining won’t prevent this due to its non-default-use by normies and my second point below.
2. With publicly-listed mining farms clustering in a few mining pools, the government can put pressure on miners to white-/blacklist certain addresses, which will render coinjoining equal to impairing your coins. BTC will become non-censorhip-resistant.
I am holding BTC myself (prefer its privacy-focused private brother) and am not against regulations at all. But I despise this future and I think it will destroy everything BTC stands for. Since regulations are up for debate right now, I do not want to see a Michael Saylor lobbying as one of the spearheads of BTC in favor of regulations that will kill BTC as we love it. And don’t be naive, regulations are always negotiated to favor certain parties vs. others. Now is the time to take a big step towards individual freedom by not compromising on censorship-resistance and self-custody.
My favorite scenario would be a WSB type of raid on MSTR stocks to make it trade at a discount of e.g. 10-30% as long as Saylor is CEO. this will put him under pressure to step down.