If I have btc: I don't have to pay tax/declare till I re-convert into fiat? Furthermore how will taxman keep tags on my btc if I am a hodler? For enquiries I can just say I lost my seeder phrase/ trezor- - what then?
Bitcoin is both harder to kill than a fiat currency, and an inherently more desirable monetary policy in that it can’t arbitrarily inflate your savings to death. That is a deadly combination if you’re rooting for the legacy financial system to prevail
They’d prefer to stick their heads in the sand and pretend it’s not going to happen.
Maybe a different perspective is that bitcoin provides a much needed check and balance against the digital fiat system. Bitcoin makes fiat much less of a threat to the wellbeing of society and make sit harder for them to use fiat as a tool of control and oppression.