US Authorities May Target Bitcoin Holdings of Major Companies, Warns Trader Ton Weiss

The concentration of bitcoins in the hands of large American companies poses risks of centralization, and U.S. authorities may emerge as a new threat to the asset. This viewpoint was shared by renowned trader Tone Vays in a conversation with Max Bit.

According to the expert, major market participants currently control about 3-4 million BTC, which accounts for 15-20% of the total supply of digital gold. Strategy holds over 600,000 BTC, storing them on Coinbase, while BlackRock manages more than 1 million BTC through the iShares Bitcoin Trust (IBIT).

«All these companies hold bitcoins ‘for the people’, but the U.S. government could take them at any time. So, keeping them in this way is very risky,» Vays stated.

He drew a parallel to 1933, during the Great Depression, when U.S. authorities confiscated gold from banks and citizens in exchange for cash. The trader believes a similar scenario could unfold with Bitcoin.

Vays predicted that by 2033, the United States will face an economic crisis, including a collapse of the dollar. Under such circumstances, he suggested that authorities might resort to seizing bitcoins to stabilize the situation.

«The U.S. government has announced voluntary donations to pay off national debt via Venmo and PayPal. Today it’s voluntary, but tomorrow they may start to coerce. They could approach someone like Michael Saylor and ‘suggest’ sharing his bitcoins,» he speculated.

In the interview, Vays referenced the case of Changpeng Zhao. He suggested that the Binance founder was released from jail due to handing over part of his assets to the authorities.

He mentioned that he expects Bitcoin’s price to rise further by 2028. The trader anticipates that the value of digital gold will reach $145,000 before falling back to $90,000. He advised new investors to wait for the next cycle (2028–2029) before entering the market.

«I’m not sure Bitcoin will survive the years 2032-2033. I believe the government will confiscate it by then. The U.S. might crumble by that point— the country could split into several parts, and the dollar could collapse. They will take bitcoins just as they once confiscated gold. If your bitcoins are stored with you, you might find a way to manage, but the price of Bitcoin could sharply decline after confiscation,» Vays emphasized.

Additionally, a CryptoQuant analyst pointed out a fundamental shift in bitcoin capital distribution.

For more on what U.S. authorities might do with the leading cryptocurrency, read «Long of the Month»: