One further note for BTC....
Like any other commodity, BTC rises and falls somewhat on its relative scarcity. So, as various governments take down or limit BTC’s mining, BTC price rises.
Think of that rise as BTC’s last breath.
It’s artificial, since it derives from the process of shutting it down. Like an incandescent bulb shining brightest before it burns out and goes dark.
Interesting thoughts. Time will tell.
My take is that governments prefer their own virtual currency in order to:
1. Track every transaction
2. Tax every transaction
3. Control every citizen and enforce compliance.
BTC is a threat to that.
That said, the current Marxist takeover of world governments will fail.
Communist governments are the first to outlaw crypto.
Many nations embrace crypto - at least for now.
For those who see value, however they define it, this is a buying opportunity.