With the way the trend is going it will takes a long time for the their to be a general consensus by the countries of the world to accept bitcoin as a legal means of payment and have a common regulation policy that will direct the affairs of bitcoin and other cryptocurrency. I believe it can happen and when it does bitcoin and other cryptocurrency as we known it would have truly revolutionize the world.
At this very moment, when the overall market of the crypto currencies and bitcoin specially is very much low and that most of the investors have already done panic selling, this global regulation of the bitcoin is very much necessary thing as this will surely help the bitcoin market to be little better and that this will also help in gaining the confidence of the ones who have invested their money into it.