No, I strongly disagree! The price of Bitcoin is dependent upon the demand of the people. The value has actually started from zero and gradually turned to a few cents and a few dollars later on. The growth has nothing to do with the government whatsoever. Everything has something to do with people putting trust on it basically because of its technology, that it cannot be controlled by any single individual or group, that it cannot even be tampered or killed, that transactions are made public therefore transparent, and that personal identities are not anymore needed in doing transactions. It is therefore the agreement among people that Bitcoin has value that put value to it.