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 do not think that the laws and regulations of the government regarding the cryptocurrency will change somehow due to the growth of the bitcoin exchange rate. The growth of the exchange rate means only an increase in the liquidity of the product in relation to its price in the market. If it would threaten the welfare of the Fiat currency-then Yes. But while cryptocurrencies are completely dependent on Fiat currencies, this is unlikely.