Canadian billionaire Frank Giustra believes that Bitcoin is easier to confiscate than gold, challenging the notion that Bitcoin can withstand government intervention. He pointed out that Bitcoin's transparent ledger and reliance on custodial institutions make it vulnerable to legal pressure, citing the confiscation of Bitcoin by the US National Reserve as an example. In contrast, physical gold is more difficult to seize logistically. Although Giustra criticized the promotion driven by "greed and fear of missing out," he does not rule out the possibility of Bitcoin's price rising.
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Canadian billionaire Frank Giustra believes that Bitcoin is easier to confiscate than gold, challenging the notion that Bitcoin can withstand government intervention. He pointed out that Bitcoin's transparent ledger and reliance on custodial institutions make it vulnerable to legal pressure, citing the confiscation of Bitcoin by the US National Reserve as an example. In contrast, physical gold is more difficult to seize logistically. Although Giustra criticized the promotion driven by "greed and fear of missing out," he does not rule out the possibility of Bitcoin's price rising.