We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?
You can State what do you think because your bitcoin investment depends on that
The extent of growth is not going to be easy yo establish at this time but one thing is sure that the growth will be limited to mainstream acceptance because of the lacking of approval from government. However the growth would not be significantly stunted in that it would still be growing at an incremental rate for two reasons
1. The blockchain which is the back bone of bitcoin itself. This technology which is being developed to be applied to business operations would continue to provide unending solutions to problems. There is no way we talk about blockchain, and bitcoin would be irrelevant.
2. There would always be quasi approval and that would make the growth a constant thing. Of course regulations would be rolled out to ensure actors in the market are playing according to the rules and investors fund is secure, it does not mean its legalised as a legal tender.