I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.
The government is trying their best to make bitcoin seem unsafe due to its lack of regulation and control from an authority. We can not deny that there really are some people who feel safer if it has the stamp of approval from the government. These are the same people who feel that bitcoin is not reliable because it isn’t backed by anything and is just created by a random person they don’t even know about. If that’s the case then they could purchase bitcoin through etf instead if they still want to be part of it somehow