Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Lets say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But Im positive such regulations wont hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?
I believe that when the market capitalization of bitcoin or all cryptocurrencies equals the annual turnover of several countries in the world, then the Governments will think very seriously about the rules of regulation. Many governments and States do not fully understand the opportunities and prospects for the growth of blockchain technology and all cryptocurrencies. Rules will be, in many States they already appear.
If some countries will put regulations to the crypto currency it will be a hard moment for the users of this community, It will also bring hardship to those people who are starting.