Well, I suppose if they could centralize enough, they might be able to rehypothecate it, but that's going to be really really difficult.

Bitcoin is money without a country, without a central bank, without permission. If that's antisemitic, then so is math, so is physics, so is the concept of scarcity itself. The only thing Bitcoin discriminates against is bad money. ⚡satmax@https://primal.net

true

Now do gold reserves held in banks.

Explains part of why Peter Schiff is hardcore against it.