Straight up bold face lie.

The security risk is that malicious governments and dictators now have the ability to use systemic forces to steal your bitcoin.

I wouldn't even be surprised if a foreign government/dictator could get access to your keys. They can get your transaction history to find who you've been working with from banks as already documented by nostr:nprofile1qqsqg7dx4pxfv5vv02pscjdl2m7uwl9c3vzu6uys9cm7cxgxlhkxs0cpzdmhxue69uhhqatjwpkx2urpvuhx2ue0wdsd8k