What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
The only problem with bitcoin is that it is decentralised crypto currency and this is the reason because there is no such proper authentic regulating body over the bitcoin and thus leading to its illegal use and specifically in selling drugs, explosives, money laundering and most importantly the terrorism and this is the reason why governments of most of the nation are in against of bitcoin and the only thing to solve this problem is to legalise bitcoin and then governments will impose some taxes over transactions of bitcoin but the illegal use of bitcoin could be avoided then.