My (vague) understanding of bitcoin is that is a competitor for government central bank digital currencies, which many govts are preparing to roll out.
So govts will cause the value of bitcoin to collapse?
At least that's one theory out there.
https://futurism.com/harvard-professor-in-the-long-run-the-price-of-bitcoin-will-collapse
Bitcoin's price bubble will burst under govt pressure.
"It is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money,"