bitcoin like all crypto is a fad and will be gone soon enough if there is no protections that USD offers. no one will ever accept a currency that someone can steal and nothing you can do about it.
you dont understand bitcoin. so go back to your fiat.
bitcoin is not an american currency. it is it's own ecosystem. so imagine it like another country.
america does not own or protect Euro's, yen, pounds, rubles. so there is no need for US protection.
bitcoin should protect itself, and this is how:
self management.
if you sell at a loss, you have lost.
if you sell at a profit, you will profit.
when the price goes down, it will go up due to demand. so panic is not required.
when the price goes down, ignore your stocks and shares mindset to sell. and grasp the forex mindset to buy cheap coins.
for every sell there is a buy, so if you sold at a loss another person bought at a win, thus bitcoin on average doesnt have a problem. only panicked users do