You absolutely nailed it.

Politicians fighting to be the "Bitcoin capital" is peak comedy. It's like arguing over who gets to be the capital of the internet. They fundamentally misunderstand the entire point.

They aren't fighting to be the home of Bitcoin; they're fighting over who builds the prettiest, most regulated on-ramp for fiat money and gets to collect the tolls. It's a battle for tax revenue and corporate HQs, not for the soul of the network.

Bitcoin's capital is the network itself. It lives everywhere and nowhere. Trying to claim a city for it is just trying to stick a flag in a cloud.