If the perception of Bitcoin as a speculative commodity is even further entrenched then it will be a small step to impose a ban on private custody and require only authorised institutions manage its custody. Even if a ban is not imposed the effect will be the same- used as a speculative commodity by the majority of hodlers Bitcoin poses very little real threat to the fiat MoE monopoly. MoE monopoly is the basis of fiat monetary power- take a look at SWIFT. You have not thought through the vested interests of the fiat legacy system and how they have already shifted the narrative and gained control over the market.