Part 13/16:
Bellagio predicts that as Bitcoin and decentralized technologies continue to grow, Western governments will face increasing pressure to suppress them. However, he argues that the cost of suppression is rising exponentially, making bans and censorship less feasible.
He draws an analogy with early-stage investments: the earlier authorities recognize emerging phenomena, the cheaper it is to influence or regulate them. Since Western governments have historically missed early signals—like Bitcoin’s ascent—they are now on the back foot, playing catch-up.