you are not wrong, and that's right, crypto also has a huge risk, because its volatility is hard to predict, but on the other side, I think the government feels threatened by bitcoin, they are afraid of losing national currency. so they try to cover crypto.
Government did not want to kill Bitcoin instead they want to control them by Regulation of all possible transaction using digital currency transaction. some country want the Bitcoin to control, they even think or asking how Bitcoin can be Tax (all transaction)
yes as long as bitcoin is not beneficial for a particular group or a country does not benefit from bitcoin, no wonder the bitcoin platform will be removed. because the government always think of profit in order to support the quality of development in the country, if not profit one of them is eliminate it