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[–] albeit ago  (edited ago)

It has been subject to confiscation as in the latest $1 billion seizure.

Cash can and has been subject to confiscation. It's called "civil asset forfeiture".

The company reported 69,369 bitcoins — worth about $1 billion — had been moved out of a bitcoin wallet, which had the fourth-highest balance of any in the world.

That's a lot of eggs in one basket. It's bizarre to have them all stored in the same wallet. Cryptocurrency exchanges (or at least the legit ones) don't do this because of the risk.

You will find countries outlawing cryptocurrencies and then in the final straw

You can make the same argument for anything. Gold has been outlawed in the past. I have little doubt that if Biden were elected, his administration would be happy to push to outlaw cash (narrative: "because omg coin shortage and covid!").

They can do whatever they like. The court held being paid in dollars rather than gold was no loss.

Cryptocurrencies aren't all powerful. They can't magically stop a government from acting tyrannically. I think China banned Bitcoin years ago. What cryptocurrencies can do is continue to function independent of government.

The U.S. government seized

It's worth noting that "seized" in this instance is not the same as when money from a bank account is seized (such as by a court order). The government agents came into possession of the private key (which generally only the wallet owner has a copy of).

As I have stressed, Bitcoin is an extremely trackable method of exchange.

It's the first cryptocurrency ever created. Some others (such as Monero) that have been developed since then have transaction secrecy built in.