An anti-thesis to some of industry's core concepts.
Morgan Housel, partner at venture capital firm Collaborative Fund, said the government actually can control people's digital assets.
In a recent podcast episode with Morgan Creek Digital co-founder Anthony Pompliano, Housel mentioned that some arguments in favor of crypto are illogical.
"The idea that the government cannot touch your crypto [...], of course they can," he explained as an example, noting the industry views the assets as "hands-off," out of reach by the long arm of the law.
Housel referred to the confiscation of gold almost 100 years ago as backing for his point.