I think in history there will be regimes that try to confiscate Bitcoin just like we saw with previous instances of gold confiscation throughout world history.

The thing is, people now have options and tax-friendly jurisdictions like Malta, Bahamas, or best yet - El Salvador.

They will catch a few prominent bitcoiners and make an example out of them - i'm sure a fraction of plebs will willfully give their keys away to the government to avoid jail time. The lion's share from my view will be quiet and they will keep stacking. Many bitcoiners have their plan b option if shit hits the fan in their home country. The sovereign individual thesis may just play out in real time if gold confiscation occurs.