Taxation is in fact continually reducing the value of Bitcoin when it's applied - you can't pay your taxes in BTC, so you have to sell some of them to gain USD to cover your taxes (easy enough: you do it when you trade). But the person you sell them to has the same requirement - they will have to sell some BTC and trade out into local currency to extinguish tax obligations. The long term trend is everyone eventually must trade out of BTC to cover their taxes.
The trajectory of BTC is inexorably down - the current market is irrational.
Nations want their taxes to be paid in local currencies.
Not sure why some situations requiring a different payment method has you hung up.
Lots of people hold gold. These people musy sell their gold to pay taxes.
This does not drive the price of gold down to 0, because that's not it works.
Bitcoin is exactly the same as any other commodity.
This isn't even remotely accurate.
Let's just use Litecoin as an example here, or even dogecoin for that matter. Are you seriously claiming those don't have global reach?
>Vermeer was much much better at art
BTC is a 'much better coin' than alt coins. Its currently used worldwide. No other coin is used worldwide.
Its not just scarce, but its also highly demanded. Consider that people don't care about other coins, AND this is scarce. Its very difficult to become a rockstar, but once you do, your signature is very valuable.
BTC has broken into rockstar status. It has already happened. Alt coins have not.