How does this play out? Poke holes, thinking this through.

1) Regulatory attacks on businesses like Block, banks like Signature, all ‘crypto’ securities, and proof of work mining make it harder for fiat to get into Bitcoin…but increase public awareness and fear from non-BTC crypto holders

2) On-ramps to crypto get tough, and as non-BTC crypto projects start to get rugged, there is a native crypto flee to safety. Fear of altcoins going to zero benefit Bitcoin, maybe some tether. Bitcoin pumps.

3) Higher BTC dominance as current crypto market cap moves to BTC, we head back to all-time highs again for BTC. Don’t need fiat on-ramps even to pump the price of bitcoin and get media attention in the positive realm.

4) Macro issues and more interest rate pressure push banks in traditional finance to further distress. Flight to to BTC from fiat, with price already pumping in the wake of SVB and CS.

5) Mainstream media covers price pump no matter what the regulatory FUD tries to manage the message into, forcing non-bitcoiners to learn about its rise when everything else is scary

6) Economics and demand for bitcoin will pressure regulators to change position on point #1 above.

Fear wins in moving money fastest; Bitcoin addresses the fears of altcoins going to zero and banking system failing.