Competing currencies are unlikely to profit from Bitcoin’s downfall in this scenario, given how much the entire space relies on its reputation. Nation-states,

Competing currencies are unlikely to profit from Bitcoin’s downfall in this scenario, given how much the entire space relies on its reputation. Nation-states, on the other hand, are the more credible threat. Just because none of them has yet found it a big enough threat to expend the required resources, doesn’t mean it can’t happen. I feel like the more Bitcoin is used for its original intended purpose rather than merely speculation, the more likely it is to be attacked by such actors.