I mean, if you have 1 mil usd + of eth or bitcoin, you have a pretty decent pile of cash that is vaguely stable (not massively different to gold), and that government cannot touch or (if you do a good job) even know about.

From a personal perspective, that absolutely has value. From a public perspective, is the existence of that a good thing? Whole different kettle of fish (and then you're back on the whole "is end to end encryption bad" argument).