At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seems to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
The government did not stop Bitcoin because there is still a sense of government trust in Bitcoin. It's just that the Government is waiting for the right time to legalize Bitcoin in the country. But the Government did not stop Bitcoin this is proof that Bitcoin is still worth keeping. So we all be patient and wait for the time when all the Governments of the World can legalize Bitcoin and not prohibit anymore.