Bitcoin BTC isn't a store of value, and it won't protect your wealth from government tyranny.

The lastest tyranny is the one that is right now happening in Canada, not a third-world country but an actual democracy that has gone mad, and politicians like Justin Trudeau drank and thirsty for more power. Unfortunately, the beacon of hope in the United States is walking the same path. In the United States, both parties are trying to bring communism on one side and fascism on the other.

Bitcoin can't protect you right now because you can use BTC as it was meant to be used; the narrative is a store of value, which means that transaction fees are sky-high in price, so people are incentivized to use it speculate on the price. The latest example has pointed out that governments will use centralized points of failure to seize any asset an unwanted citizen may hold, in the case of Bitcoin exchanges.

Suppose you have to rely on centralized exchanges to utilize your Bitcoin. In that case, your precious satoshis are as good as nothing because no one will accept coins that may have been related to a citizen that now the government is trying to bring into custody. Not only that, people will realize that too much attention has been put into the asset that those speculating may decide to take their money out before having to deal with people that the government may deem terrorists. The freedom convoy participants are not terrorists, but now those funds will be seized. Any person dealing with those people may see their satoshis taken by centralized exchanges the moment people deposit funds into them.

Not only that you can use mixing services either because exchanges may start to seize those funds because they are suspicious of people using them to avoid detection, even if you only were doing it to test the protocol, not to mention that transaction fees will stop anyone with small pockets to utilize those services in the first place.

The most damaging reason why Bitcoin won't protect you from tyranny is the store of value narrative in itself; why would you hold a store of value that may put you in jail for something you have not done? In order words, why bother with something only useful for speculation, and now that governments are starting to crack down, why would anyone with considerable money risk getting involved in something they didn't sign up for?

If your primary usage is a store of value, you won't be helpful as a currency. Bitcoin is not valuable as a currency, and LN bank accounts are just a glorify custodian account that can be seized as well. If you use LN to manage your channels, you will realize those transaction fees to open the channel and close will be at least twice plus routing fees on top.

Bitcoin Cash is a better currency, and it is the original idea of Bitcoin; you can use it as a currency, and it will be a better store of value because it is a store of value that you can use regardless of economic class, not to mention you can add privacy like confusion. It will not cost you much, and you don't need to rely on exchanges to get value because people can use it to exchange goods and services without a third party. Without low fees, you can't be a currency, and without low costs, people eventually will have to stop using any other asset whose primary use case is only speculation.

Bitcoin is not a store of value. It is just a speculation asset because of transaction fees, and Lightning Network won't help you because to use it, you need to double the same transaction fees on-chain plus routing fees on top. And high transaction count tools like Cashfusion for privacy are cost prohibited in Bitcoin. Bitcoin Cash has and will continue to have meager transaction fees below one penny, not to mention that now we have SmartBCH, which is just Decentralized Finances on top of the most valuable asset in the world.

Bitcoin Cash is the most practical and government's tyranny resistance asset, and it is currency first and store of value second, with privacy and DeFi on top as second layers.

What is in your wallet?

Bitcoin Cash is a hard currency built from the ground up, and Bitcoin BTC is a store of value built on quicksand that will crumble the moment you need it the most.

I can be wholly wrong, and Bitcoin BTC could work even in a hyperinflation scenario where many people use the network regardless of transaction fees. That could even increase the adoption of LIghning Network in a decentralized manner. Custodians could be used less and less as politicians start to go after third-party custodians or bank account-like products, so far, Bitcoin has been doing that, and the price is proof of that, the future no one knows. My opinion may change as new information comes to light.