I think that my outline of the regulatory issues and obstacles are in line with reality.  NOT every "history" book is going to recognize certain kinds of dynamics, and some history books will get history wrong b/c they fail to take into account certain actual dynamics.  Surely, it will be easier to write a history book that minimizes taking on controversial topics....

HOWEVER, merely b/c a topic is controversial does NOT equate that topic to a fairy tale.

China may have realized that it cannot stifle bitcoin.. and china has a mixed set of motives including a desire to have some kind of investment vehicle separate from the dollar... .. so China is likely torn about bitcoin and about whether they like it or hate it... maybe they are frienemies with bitcoin?

I agree with the concept that governments could push bitcoin into the underground; however, it remains quite unclear how much they are able to actually and directly regulate bitcoin... we DO NOT have a world coordinated government at this point, which would also make it more difficult to regulate bitcoin b/c so far governments have NOT seemed to have been very concerted or coordinated in their attempts to regulate and/or control bitcoin...

There seems to be a hodge podge of governmental action.. and even governmental action in one direction and then redefinition and regrouping and reversing and then action in another direction... rinse and repeat.  The actions and reactions of governments are NOT a fairy tale... and different historians would frame these dynamics in different ways.