Governments can easily ban and pursue anti-crypto measures to prevent anything such as money they can't control.
Yannis Varoufakis said it best: the idea of apolitical money is a fiction and a dream. Money has always been associated to and controlled by governments. Bitcoin currently is actually heavily manipulated/moved by Tether which is controlled by Bitfinex.
I agree governments will try to ban fixed supply currencies but I don't believe they will succeed.
China still can't stop its citizens accessing the open internet on VPN. North Korea still can't stop its citizens smuggling wikipedia into the country on USB sticks. Governments won't be able to stop citizens storing their wealth in fixed supply currencies.
> Bitcoin currently is actually heavily manipulated/moved by Tether
Yes Tether moves Bitcoin because it's literally people in Asia who want to dump their fiat to buy Bitcoin. There is no grand conspiracy here, people tried to claim Tether were printing money out of thin air to drive up BTC but even the NYSAG had a look at their operation and found no such result.
I saw him in person in london and he was asked about Bitcoin. As the last sentence of his answer he said and I’m paraphrasing: “If you’re asking about the idea of apolitical money [in relation to Bitcoin] I think that’s a fantasy”. I’ll try and see if he ever said something similar in other settings but I remember connecting it to what I was reading around the same time which was David Graeber’s Debt: a History book where he presents a similar anthropological-historical argument.
Yannis Varoufakis said it best: the idea of apolitical money is a fiction and a dream. Money has always been associated to and controlled by governments. Bitcoin currently is actually heavily manipulated/moved by Tether which is controlled by Bitfinex.