https://www.ibm.com/investor/att/pdf/IBM-2Q23-Earnings-Press... IBM is getting killed in infrastructure, their margins look to be growing but losing ~15% of their revenue y/y. This seems like them just gouging the last of the customers who are either unwilling or unable to leave.
for context during the same period AWS grew 12% y/y.
most people globally do hold most of their savings in cash, many people are unbanked and physical currency is the only way they have to preserve wealth.
sure, if you think the US government is united against bitcoin and willing to step on the civil liberties afforded the ~30 million US citizens who own it.
but.... I really don't think either of those things is true. You should talk to people in the state dept or DoD and pay less attention to FED/Treasury. The current USD global reserve status quo isn't always great for the US gov.
so you're saying a black swan event might affect the price? gee well Im glad that doesn't currently happen with USD, CNY, JPY....
you can also use bitcoin like a physical bearer asset (gold bullion) by using things like https://opendime.com/ so even if the network was 100% down transactions could still happen IRL. You'd just be exchanging a hidden private key that can move UTXO's on the blockchain.
considering that I'd say bitcoin is much more anti-fragile than a bank statement, in most of the natural disasters you're talking about im not so sure banks will be letting you withdraw any significant amount of $
for context during the same period AWS grew 12% y/y.