Ehhh. I'm pretty close to an Ethereum maximalist, but I'd actually say ETH is more at risk than BTC for these types of downside risks. For one BTC is just bigg

Ehhh. I'm pretty close to an Ethereum maximalist, but I'd actually say ETH is more at risk than BTC for these types of downside risks. For one BTC is just bigger with more people widely invested in it, and more name recognition. That's going to constrain government action from interest groups and the public perception of overreach. If Biden announced tomorrow that he was going to "shut down Bitcoin", a lot of conservatives, and even moderates, would have a knee jerk opposing reaction. If he said he was going to "shut down Ethereum", most people would be like "what the hell is Ethereum?" Two, Ethereum's smart contract system allows a lot more shenanigans. Remember, Tether runs on top of Ethereum, not Bitcoin. As does almost all of DeFi, which is starting to piss off financial regulations. Bitcoin doesn't come with all the baggage attached. 99% of it is just people transferring Bitcoin to one another. That makes its systematic risks pretty self-contained.