My point is that nations dont even have to coordinate for each one to have their own self-serving unique set of laws that are bad for Bitcoin miners.

I think you're over estimating how big our bubble is. The masses really don't care about Bitcoin. And if they own any, they see it more like stocks they keep on an exchange so they have zero impact on TradFi.

Politicians can just pretend to be pro-bitcoin and do the opposite in office like they always do.

Even if politicians, businesses, and countries own Bitcoin, they can makes rules "for thee and not for me" just like they do now with everything. They can outlaw transactions on the white market without approved custodians and/or make it a nightmare to be compliant and legal.

They're not going to start playing fair with laws just because they own Bitcoin. Any transactions under white markets means you are following rules and asking permission.

This is why all that is really relevant long term is black market adoption (permissionless markets).

I think the strongest argument you have is that now theyre forced to make their taxation more overt for anyone self custodying Bitcoin. They can't hide it behind inflation where people don't "see and feel" it. I agree with you on that.

I do kind of keep up with these privacy projects. But they are not fully private (LN, Liquid), missing the sovereignty of onchain txs (ecash, Liquid), no one uses them, or are just pure vaporware.

I think the things with the most promise are coming from people like Paul Sztorc(DriveChains), PolyD(Enigma), and Moonsettler(DarkPools) using. Maybe the ZK stuff too.