Your article makes some very interesting points. I certainly agree that it’s highly vulnerable. My arguments for why it must fail are long term; the actual proximate cause of the collapse will probably be something like what you cite. The potential kinds of interference you cite cancel Bitcoin as a solution to the only problem it was designed to solve: the rather theoretical problem of transferring money across the Internet without the involvement of a third party. I say “theoretical” because it’s only a realproblem for mathematicians. For normal citizens, PayPal, credit cards, and bank transfers work just fine and for criminals, paying in cash has been a solved problem for millennial; they use black attache cases. Crypto doesn’t attack their real problem, which is laundering large scale cash. Yes, crypto makes small time extortion easier, but that’s a niche business. So when the government initiates the controls you mention, what is the justification for a massive and clearly risky system for transferring billions of dollars from speculators to those who think real currencies are worth more than crypto?