Satoshi knew what would be an issue long ago:
(Source: https://x.com/pete_rizzo_/status/1821150669148959186/photo/1)
I am not sure what will happen with the utility because it doesn't seem to have a lot.
However, it makes a ton of sense for central banks to use it as a base currency as well as the rails to move money around.
Plus people should own some to store their value in something outside of government controlled paper.