That brings us to the next point.
Wealthy institutions and governments are already talking about putting Bitcoin in "reserves" ... essentially confiscating Bitcoin as well.
Discussion
they're not confiscating, they're buying. Yes, they might get to the point where they control a good percentage of all circulating bitcoins. That would have the effect to increase the value of the remaining ones.
It all leads to the same endpoint . . .
Those who know history are bound to suffer repeating it again because of those that don't.