I think that the main problem with this logic is that Bittorrent is a tech designed to illegally distribute a consumer good, ie a movie. Once the movie has made it's final stop, your eyeballs, that's it. It's been consumed.
Cryptocurrency only has value if you can sell it on to someone else, and it's value is entirely dependent on what value you think you will be able to sell it for.
Once the number starts to go down as fiat on/off ramps start to get squeezed, it will be come much much less attractive to everyone, including, and maybe especially, to criminals. It only have value to them currently because they can store value in it and exchange it for fiat with non-criminals. If it becomes criminalized everywhere, and their only option is exchanging it with other criminals......well. It's not the same as Bittorrent is it?
Cryptocurrency only has value if you can sell it on to someone else, and it's value is entirely dependent on what value you think you will be able to sell it for.
Once the number starts to go down as fiat on/off ramps start to get squeezed, it will be come much much less attractive to everyone, including, and maybe especially, to criminals. It only have value to them currently because they can store value in it and exchange it for fiat with non-criminals. If it becomes criminalized everywhere, and their only option is exchanging it with other criminals......well. It's not the same as Bittorrent is it?