Ken, it is a fully transparent, public blockchain. Everybody on the planet can see each transaction as well as any address balance.

Including yours.

The government knows your addresses anyway, the criminals will know it when KYC data gets leaked or hacked. Also wallet providers of custodial lightning wallets know your addresses.

Does this sound like a swiss bank account to you?

Saying BTC is better than a Swiss bank account is like saying a tofu schnitzel with mrna sauce is better than a grass fed ribeye.