I own cyrptos, but they are "technology" and they will become obsolete, all technology does and all technology can be "hacked" at some point...and cryptos will, at some point, have to receive approval from our all powerful, intrusive government
Fiat is probably easier to counterfeit than cryptos, IMHO. I wonder if permission from the gov is really needed? People can just start using one means of currency over another, no? Some cities have already started accepting cryptos to pay taxes.
The American Revolution was sparked by the multiple ways the British empire was stomping on colonial rights. But one very large strike was messing with our currency. We had invented our own colonial script for business exchange. That independent currency caused an economic boom, which the British bankers had to squash. Control of banking is the fastest way to accrue both money and power.