Will it really happen? Possibly. Or maybe not. Well, there is a chance that some authorities may decide against Bitcoin eventually and rule that it is already illegal to possess any Bitcoin or any cryptocurrency...most probably regimes which have the same mindset like NoKor would do this. There are governments having their own agenda and these are the leaders who are control freaks meaning they always hate what they can not control and they are afraid that Bitcoin can be a way to empower the people and for them to one day break away from the shackles established by those in the helm.

In the short-term view, there can be chaos in the market if big countries (like China, USA, India, Russia, Japan) would one day decide to stop their people from participating in the Bitcoin market and community. As of now, the most likely a candidate to do is, of course, China but still we are hoping that eventually the country will realize that they will lose more if they will choose never to be a part of the Bitcoin bandwagon as there are many miners located in this country and the business of mining is bringing in many benefits like jobs and consumption.