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> At that point there would be no point in hoarding bitcoin more than any other currency.

Oh yes there is. Bitcoin is deflationary, so your money isn't debased while you hold it. I don't ever intend to exchange my bitcoin for any other currency unless I'm purchasing something.

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Why not just hold bonds?

My banking account can never be seized by a govenment, and I can liquidate them whenever I choose, wherever I choose. Indeed, I can buy a beer with my bitcoin at any time of my choosing.

That's not really a threat vector that most people worry about.

What's more, Bitcoin is subject to risks your bank account is not.

Most people don't understand or appreciate risk, no.

Okay then. What's the probability of the government seizing your bank account?

High.

https://en.wikipedia.org/wiki/Executive_Order_6102

https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...

I think when bitcoin is measured in the multi-trillions, the temptation for the US government to raid american bitcoin exchanges will be too great. And they have form.

What is "high" probability? 80%? 70%?

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