The US government and the Fed are much less concerned about BTC supplanting the dollar than some of these people. The world is full of assets of every description. Bitcoin and the rest of the crypto assets are among them. In the eyes of the US government, cryptocurrencies are property, not money.

I think the current financial system will adopt blockchain technology and many currently existing cryptoassets and make them part of the system. Bitcoin, for example, is rock solid as a settlement layer for very large transfers.

This video, for example, is very enlightening in this respect:

https://www.youtube.com/watch?v=9dZV5Qy_38k

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