@nathen007 (40). You make some great points. The government can freeze people. They can take your bank balance. The good news is that when they “un-freeze” you 2 years later, your bitcoin will still be there and it will be worth $476’000.
However, I think you are wrong to use M2, unless you believe bitcoin will only be useful as a future currency. If, instead, it becomes a store of value, / gold 2.0, , then you should use some percentage (e.g. 2%) of the other stores of value, like stocks, property, bonds and gold. You will certainly get a much bigger number.