Why this time is different: no fiat on/off ramps means no financial future for crypto

I've been hodling for years and this is the only time that scares me.

I'm specifically talking about the SEC cutting Binance off from USD transfers.

Every other crisis before I know I could ride out, because I know sentiment is cyclical and prices recover in the long run. I can wait out bear markets and whatever FUD, no problem.

This time is different because now, I can't rely on an exchange to exist at the end of my long-term hodling to be there to cash out. I'm not one of those people who think BTC will replace fiat and we're all going to transact in crypto. No, the IRS is not going to accept BTC for taxes, ever. McDonald's is not going to. I can't buy a house with crypto.

Even if I wait long enough and BTC is worth $1 million, it's useless to me if there are no exchanges or banks around anymore willing to mess with the government to give me those dollars.

The SEC is not going to stop with Binance. Coinbase is next, then Kraken, and they will drive out the common ways for people to cash out, until we have to use small sketchy sites based in Bermuda or wherever.

Coinbase can put up a fight. It doesn't matter because their banking partners won't. Banks will cut ties to avoid the risk of being near crypto, and make money somewhere safer.

Tell me how crypto can be a good investment seeing how the entire asset class is going to be blacklisted and cut off from the US financial system.