A drowning state may begin by taxing fiat savings as they are easiest to access, but if that isn't enough, they may pivot to taxing holders of idle capital. Some will say "you need Bitcoin" and you should own some, but it is naive to believe it alone can shield you. The reality is that everyone's access to BTC is gated and surveilled. There is very little non KYC anymore. If the govt went down a more aggressive path, as has happened in centuries past, one's own personal sovereignty would come face to face with their willingness to be noncompliant. Many would fold under the pressure.