Yes all true and tragic as it is, they still have a near monopoly over MoE global acceptance. Because the fiat debt slavery bankers cartel own the governments. Very few businesses/retailers accept Bitcoin.

In most of the world Bitcoin is banned for payments. Even in the so called liberal western democracies BTC MoE is so obstructed that few businesses dare accept Bitcoin as a payment option. This is the problem. The bankers own the governments. We cannot all live in a sackcloth Bitcoin citadel eating berries and game.