Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?
All opinions are welcome.
Regards.
You have a great question for a long term investor,
I think there is no way that a country can totally ban Bitcoin for their citizens to use as there is always a possible way for people to use whatever they want in life so maybe governments will only regulate it by creating a department that will monitor and give taxes to those people who uses it in a daily basis for their work or businesses, Bitcoin is the future of digital currency and banning it will not help instead accepting it with a good laws will make everyone okay.
We all know that Bitcoin is limited to 21,000,000 so by this I am confident that in the next years the price hike is inevitable as the supply is limited.