crypto is not a bearer asset[1], it's not unseizable[2], and it's not guaranteed to be a store-of-value in the long term (it has only been around for 17 years v

crypto is not a bearer asset[1], it's not unseizable[2], and it's not guaranteed to be a store-of-value in the long term (it has only been around for 17 years vs gold which was used for this purpose for 5000 years) also there is no ownership in crypto, only partial control of the entries on the ledger via private key -- 1. 99% of cryptocurrencies are based on blockchains or DLTs (Dsitributed/Decentralized Ledger Technology) - ledgers or Systems of Record - so they are registered assets, not bearer assets. You change the ledger (e.g. by forking it) and now the ownership record has changed 2. Fiat is backed by violence -> https://xkcd.com/538/ https://xkcd.com/538/ There have been several divorce cases where spouses have tried to evade funds using crypto, and the court could still confiscate them, by threatening with jail time