The notion that the US government will ban Bitcoin is popular for a good reason.

Bitcoin threatens a significant source of the government's power—the power to create fake money out of thin air and force everyone to use it.

That's because Bitcoin can give monetary sovereignty to the individual and render central banks obsolete—along with their confetti currencies.

That's no small accomplishment.

It's a historical development that profoundly alters the status quo between the rulers and the ruled. It's similar to the invention of gunpowder, the printing press, and the Internet.

There's no question the US government would want to protect their racket from an encroaching monetary competitor in the same way the mafia does when a rival encroaches on their turf.