Dear OP you didn't needed that much explanation to convey this message because you could also do this the easy way which is the dominance. You can see the dominance of BTC only is half of the overall crypto dominance and market cap of BTC is also more than all other ALTS. Then BTC do mean is the super man, Spiderman or any man or the king of ALTs. If BTC loss price then ALTs bleeds. BTC is everything for crypto future.
I would suggest to not use rude words like threat to governments because this is not a atomic bomb it's just an alternative way of finance which provide more features and fast and secure one to transact your assets from one place to an other without giving your personal information to some central authority or getting into lines to get permits etc. Or you don't have to pay huge fee etc.

Such things do impact the earnings of banks but not of governments directly but indirectly it does. This is the best way to explain things. That's why Governments are trying hard to provide such tokens that could have the factor of decentralization like ETFs but they could control them too. Dumb people will buy those (nothing personal just sharing views).

Well, for me, I think the reason why Bitcoin is being given a pass while other altcoins are labeled as securities by the regulators is simply because, regulators have discovered that they have absolutely no power over Bitcoin since they they don't know who the founder or creator is, and they have no access to the code which keeps bitcoin running, so there is clearly nothing they can do aside banning bitcoin which is a not a good plan, as banning bitcoin still wont stop people from using or investing in bitcoin.

But for the altcoins, they label altcoins as securities simply because they have some access to it, for example, even if an altcoin blockchain is decentralized, they still have access to that altcoin through the creator, whom they can easily go after if they want, i think this is why they seem to have abandoned bitcoin to face altcoins.

Bitcoin is more than just a cryptocurrency. It embodies a groundbreaking shift towards a decentralized financial landscape. An important fact to also note is that Bitcoin's scarcity is fundamental to its value proposition. It makes sure that it remains immune to arbitrary inflation.

Bitcoin is a game-changer in the global financial system. Bitcoin technology brought innovation that is striving to give individuals control over their money. Its decentralization feature has also helped individuals and corporations to avoid restrictions and despotic tendencies of some government agencies. At first, the currency was disregarded but now the government is doing everything to control the currency because it is becoming more influential every day. The move to undermine bitcoin is still on but it is becoming more difficult. We don't know what the future holds because every day the government is coming up with new policies and strategies to regulate the bitcoin system. But like you said bitcoin is here to stay.

Its simple to make assumptions about the future and take the initiative. Regulators are not enigmatic characters preparing to bring Bitcoin to an end. They are governmental organizations entrusted with ensuring economic stability and public security. Do you really think they have the time to carry out some elaborate, top-secret scheme against only one cryptocurrency?

Not to mention the might of the crypto community. The notion that only Bitcoin can fend off regulators is, to put it mildly, absurd. There are numerous cryptocurrencies with thriving communities, cutting-edge technology, and practical uses. Do you really believe they'll surrender and admit defeat?

Yes, I totally agree with you, friend. For now no one will be able to ban bitcoin absolutely and significantly. Because the system that exists in bitcoin is indeed very well designed and difficult to stop. Even those who have authority, such as the government, cannot restrain and cannot completely ban the use of bitcoins. Maybe according to the rules and laws, in countries that prohibit bitcoin, it has been made and legalized. But still, bitcoin users are still annoying and cannot be stopped by these rules. Because basically, owning or investing in bitcoin is not too detrimental to the government, so bitcoin investors in countries that have a ban on bitcoin, continue to continue trading and investing. So at this point the governments in countries that reject bitcoin, will definitely be confused to find loopholes so they can stop the adoption of bitcoin which is growing day by day. That's why the act of controlling the market has become a new way for them, to at least put a brake on the continued adoption of bitcoin.

And in conclusion, if bitcoin continues to survive, surely other cryptos will continue to exist and survive. But if bitcoin loses and disappears, surely the other cryptos will also fade and disappear. Because even though bitcoin and crypto(altcoin) have different systems, for example bitcoin is decentralized and crypto(altcoin) is not. But still, bitcoin is the heart of cryptocurrencies or the parent of cryptocurrencies.

I wanted to ignore your post initially because it seems we are not on the same planet and it's certain that what I say might be difficult for you to understand. Many like you live only in the present while a few people live both in the present and future. It shocked you right? It's a mystery and don't let us go there because you will never understand even if I explain from now till tomorrow.

Let me go straight to the two points that called for my attention, and they are; the top-secret and crypto community is powerful to defend itself.

Top-secret - It's not in the defence and national security alone. Also, as it's in politics where we only see the surface but the true reason for some actions will always be hidden while they pursue their agenda bit by bit, so is present in governance and regulations as well whether you agree or not.

The crypto community is powerful to defend itself - As much as I want Bitcoin to remain forever, don't think many governments want that, the true decentralization of Bitcoin should tell you a lot of why they are not happy about it which also applies to many countries that still allow it. Now, if they are successful in separating it from other cryptocurrencies, which crypto community will defend it? It will by then be the Bitcoin community defending itself. It would have been thinner by then which is what the regulator want. Always remember that what government could appreciate in cryptocurrency is blockchain technology and not decentralization. As you know, many cryptos are no more decentralized even if they preach such to you, that's regulation working underneath, it's those cryptos they would prefer then, and if they are successful in splitting Bitcoin from crypto, I see more issues coming, it will be easier for them to perpetrate their evil.

Mind you, the government's power can't be compared to the Bitcoin community as you wrongly believe, it's more. If top nations agree and start clamping down today, it will be almost total. Imagine no domain hosting anything BTC, no exchange could associate with it, and OS bringing down any app related to it. What do you think would happen?

My conclusion remains that, if possible, it's better to stop the government now or not support them from separating Bitcoin from other cryptos for any reason. People think the regulator is doing Bitcoin good, but in the end, they will realise that the government is for no good intentions.

It's very important to realize that bitcoin could change your life for the good and that's an important thing. A lot of people end up not realizing how important it is and they act as if this is something normal. We are talking about something that has the potential to change your entire life and if you are not careful then you are going to end up missing a lot of chances without a doubt.

This is one chance you guys could end up with something that would be a bit more risky and with this going on, I think we should be not avoiding this chance. Finance world will not recover, it may look like it will get better, but then it will have another crash some time in the future. If you are in bitcoin, that won't matter to you.

I remember those days when you talk about Bitcoin, the first thing that people will think was it's a scam. Those days are gone but the people that are still the same thing are still there.

I guess it won't change quickly over time but time will make the differences when people have already realized that Bitcoin is a real thing and they can no longer ignore it.

While there have been new technologies that came out and thought that it will be able to dethrone Bitcoin, they didn't find any success.