Met an institutional investor who asked me in a condescending tone, “Your 2 minute pitch, why should I buy BTC”. I asked him,”how many assets have you got in your $10bn portfolio that can’t be moved by any gvt decision anywhere” The rest of the discussion was “how he can buy it.”

@cryptomanran Great pitch/tweet. The flip-side: governments may not be able to move someone's bitcoin, but can ban it and make its value drop precipitously. e.g. have no doubt that were the US to ban bitcoin in 2018 its price would drop below $1000 in days.

@crypto_macro @cryptomanran Why would they ban bitcoin? How would this happen? Packet censoring? Internet censoring?

@SystematicAlpha @crypto_macro @cryptomanran banning things always makes them cheap. like drugs for instance.