That is very well put, but it does rely on the government not interfering in the crypto sphere too much. Given the CCP's crackdowns everywhere else, if citizens

That is very well put, but it does rely on the government not interfering in the crypto sphere too much. Given the CCP's crackdowns everywhere else, if citizens stashing away money in bitcoin becomes a big problem, they're likely to pay attention to this area too. After all, you somehow have to get your dollars or RMB or whatever converted into cryptocurrency in the first place, and then get them out again when you want to buy something with them. You also need to hope that the government doesn't have the resources to take over 51% of the network by conscripting all the miners running in their country.