I have consistently noted that BTC is just data, and there isn't a secure FOSS physical network over which BTC can communicate transactions at scale. The infrastructure on which the internet is dependent is wholly owned by legacy financial interests. Additionally, the panoptic surveillance in recent decades has created a Big Data pool that is perfect to enable AI to manage by algorithm based on that data, and this allows every specific user, every specific crypto, and each specific transaction to be individually managed automatically at the whim of the owners of the physical infrastructure. They own the pipes, and decide what flows through them, at their sole option.
This granular control transforms every cryptocurrency functionally into a CBDC, and whatever metrics they find desirable can be applied to each and every transaction. This means that the value of BTC is whatever they say it is, because even if you have 1M BTC, they can prevent you personally from spending one satoshi on steak, stock, or anything at all anytime they want, for any reason whatsoever. Every communication of data over their pipes depends on their permission, and their surveillance data about everyone in the world enables them to use AI to apply selected algorithms to granularly permit communications, including transactions, based on any metrics they choose.

Dear @valued-customer !
In the world I live in, Bitcoin is used for speculation by individuals and to hide the funds of criminal organizations.

State has not yet created a way to tax Bitcoin.
I don't know much about Bitcoin!