It's possible they will be like "hello goyim, too much liquidity has left the system and into bitcoin and caused it to collapse. We are now passing a law that you're not allowed to use bitcoin and must use federal reserve digital token instead". Then they get their cashless society slave system + scapegoat for economic collapse in one swoop. The plan probably wouldn't work, but these are psychopathic jewish money changers we're talking about here.
There should be some way for people to throw some weight against those hedge funds which are betting against bitcoin. The more adoption, the more will be stored in average Joe's hands.
The main issue, however, is fear. I saw Novogratz shorting, it was a massive red candle, from 11 to 9k. This was only one guy. Imagine if they do that in concert. They can provoke a lot of fear and make people panic sell.