This is precisely the case. Bitcoin is no safe haven or a store of value asset. It is best described as an unconfiscatable, extremely secure, independent asset and medium of exchange that does not depend on the current legal and political framework to function. The way Bitcoin works internally is not subject to the whims of regulators or politicians.
The current monetary system is hostage to the structural problems in developed economies. Central banks are forced to buy sovereign debt like no tomorrow.
If anyone wants to opt out of that system, Bitcoin is for them. Bitcoin is the easiest crypto asset for institutions to get exposure to.
In the case of the EU, commercial banks.
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