My recommendation:
- Don't put all your assets in Bitcoin. Buy gold, silver, solar panels, food, toilet paper. Keep some cash for emergency.
Come come solar panel is an asset? However, I agree to your approach which says - don't put all eggs in one basket. That's an wise approach in any market condition.
- If you fear your bank will close your account, use an EMI (Electronic Money Institution) as a middle man to buy crypto. There are many of them. Use them as a pass through, don't trust them with your money.
Banks won't fail. Governments will not let it fail. If banks fail in large numbers, there will be nothing left in the economy and social unrest will begin! However, it's good to invest a small percentage of your income into major cryptos like Bitcoin or ETH.
- Fiat is for exchanging, Bitcoin is for hodling, Satoshis are for spending
Nope! Not entirely true! If you are bullish about bitcoin, then HODLing can be a great option to create serious wealth over a longer period of time. But for spending, we need options to spend. That wouldn't happen unless governments around the world steps up with such decision. We only have handful of merchants who accept bitcoin. We need more adoption which can be fueled by government policies!
Don't look at bitcoin as a tool to become outlaw. Rather try for inclusion of bitcoin into the economy. That will make sense in longer term!