Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.
The biggest problem for bitcoin may be that the government will simply ban its use once and for all and all crypto exchanges will be outlawed. Of course, some advanced States that understand the value of bitcoin will leave it as a secondary tool, but in most cases, a complete ban will first lead to a decrease in the cost, and then to a complete zeroing of the price of bitcoin.
The biggest market for bitcoin probably in the US and EU, but the authorities have issued regulations regarding cryptocurrency and exchanges, so no need to worry about it.
The biggest threat that can affect the rally perhaps a hacked exchange that led to the loss of bitcoin worth billions of dollars.