The Downfall of Bitcoin?

Bitcoin has 7 transactions per second [TPS] (can’t scale) versus Visa that does 1700 TPS and claims more is possible.

Its block time is 10 minutes, i.e., it’s slow.

And it’s an environmental disaster during the middle of a climate crisis.

2.09% of addresses hold 95% of Bitcoin; it’s wealth is more concentrated than any nation on earth, including North Korea.

U.S. spy agencies declared Bitcoin a threat to global stability.

Lightning network has a number of known security flaws.

Tether scandal is going to sink Bitcoin to sub 10k or lower.

El Salvador is a corrupt nation with a corrupt leader, and Bitcoin adoption there is almost veto not only going to be used to facilitate criminal activity.

Neither Mexico nor Paraguay are close to adopting Bitcoin.

Bitcoin is about to close another weekly candle below the 21-week EMA. Bitcoin has only closed a weekly candle below the 21-week EMA once and continued a bull run. That was in 2013. If Bitcoin does not cross 42k by tomorrow night, that’s five in a row below the 21-week EMA.

OCC is considering a repeal of the order to allow US institutions to hold crypto.

2021 is setting a record for crypto scams.

A U.S. meat supplier just paid an $11 million crypto ransom.

…everything is going just fine obvs.

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The above was a reply someone left here:

https://www.reddit.com/r/CryptoCurrency/comments/o3uv6y/sanity_test_for_crypto_investors/

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Any thoughts on this? How does Ravencoin compare?