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 government will definitely agree but I don't. If that happens, I will just switch back to fiat money and continue investing there. It just defeats the purpose of having bitcoins decentralized because we are circulating bitcoins back to the government and controlling it for them.
Definitely very true. Governments think that if they accept this, control will go out of their own hands. There is also a danger of extinction in the money they now control. So they won't accept it yet, but they will.