Putting aside the privacy arguments, IMO there should be a simple case for quid pro quo import/export control.
China bans American software companies from their market, thus giving an advantage to local alternatives.
Those local alternatives on the other hand get unrestricted access to American markets.
Why exactly should they be allowed to operate?
Trade is always reciprocal, and software should not be an exception.
China doesn't have the same freedom of speech as the U.S.
You can't just ban companies because you want to. There are laws and protections from the government in place.
And that's just bitcoin, stable coins are more reliable.
And of course inflation only robs holders, at least volatility goes in your favour half the time.
I also would not call it an investment: there is no reason to expect prices to rise. Bitcoin does not grow in the way a company can (making shares an investment) or pay interest like a bond. It's at best a speculative asset, like maybe gold?
Until they submit to agnostic third party audits, they're not stable.