I think there is a valid argument that Bitcoin is an asset class, not a currency. As such, governments would have to make possession of BitCoin a crime. I wou

I think there is a valid argument that Bitcoin is an asset class, not a currency. As such, governments would have to make possession of BitCoin a crime. I would think any democratic state would find it very difficult to make possession of an asset illegal. BTW, I don't find Krugman's arguments very compelling, in that they don't account for the nearly infinite divisibility of Bitcoin and unlike gold reserves, notes held against them cannot be fraudulently inflated.