From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Generally, the nature of bitcoin is its decentralized nature and volatility. Bitcoin has been used as the main currency under the dark web in purchasing illegal products, activities, services and drugs. Since it is decentralized, the government cannot regulate its usage and utilization under the market- which explains its volatile price. This is the reason on why some countries prohibit the use of such since it affects their criminality, especially in underdeveloped countries.
bitcoin is made to simplify many things there are people who use it in a positive way there is also a negative, very unfortunate there are people who use it negatively it will damage the good name bitcoin.
The name of bitcoin has the reputation and if there is illegal activity it is not bitcoins fault you need to look at the people using wrongly the bitcoins.
Due to existential crisis and media, it created a stigma towards the usage of bitcoin, which resulted to world-wide prohibitions of some hegemonic countries that significantly reduced its price before. Well, this depends on how each individual views bitcoin, whether for investment purposes or as an alternative currency.