Because stablecoins exist, are operated by state compliant entities that provide captured treasury demand, and allow the state all of the surveillance and seizure capabilities it's looking for in a more digestible packaging for the public. You've been bamboozled.
@BuddhaPerchance I agree with you that power law in bitcoin to fiat exchange rate is rubbish. If one side of the exchange is command and control, then it is not going to be a clean signal.
The protocol is governed by rules that participants must follow. So that is where I say rules > rulers.