I can't argue with your assessment of the situation, but it may be a bit more simple than that. However, the end results will be the same, no matter the actual reason for the use of this bioweapon.
Crypto will only ever be as good as our ability to use it for the things that we need or want. If it cannot be used to trade for goods or services, it's useless.
Is coinbase still working as a fiat gateway?
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I assume coinbase is still working.
Haven't made a deposit in a while.
As for crypto's complete lack of infrastructure.
This fiasco is going to kick that dynamic into overdrive.
Necessity is the mother of invention.