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 think the more regulations bitcoin have the more people will probably tend to use fiat money rather than bitcoins. Fact is, today, since bitcoins are expensive to use and slow to transfer, lot of people still opt for money. But then again, if you want a transfer with personal touch, then bitcoins are the best option.