Only if they are already in control of or in alignment with the regime. It strips wealth from opposition and prevents new wealth generation. Democratic socialism narrows the pyramid of wealth and power and makes your scenario far less possible. Arguably it's the whole purpose of the system. For sure it wouldn't be the "digital libertarians" the other comment mentioned, unless they act quickly. It will be a Gates or other WEF ally in line with global bankers. Those are the real "top".

How likely do you think this could happen in Europe?