Whats to prevent a new blockchain "Crypto" currency that is created by the lets say the EU/US/etc.. and now this new "FreedomCoin" is the standard ie banks and foreign entities decide this is what will be used and trusted? Remember anyone can create a new Crypto. If the FED,ECB etc.. decide we will be the ones making the crypto standard and everything else is not legal for trade/bank interchange. then what?
It is pretty much that. In addition who knows how many untold bitcoin wallets that are permanently out of the market because its in a landfill somewhere, especially early adopters who ended up mining quite a bit of BTC during the easy early days. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html