Re: Will governments ban Bitcoin like they did with Gold?

Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).

What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.

There are plenty of countries already that has banned bitcoin and it is not so far from happening that every country will come together against bitcoin. It might be something we should be scared of but after all we still have the decision on what we are going to do with our financial freedom. There are many people who lives in countries where bitcoin was already restricted yet they still manage to find ways on how they can access and earn from it. The government might have the power to stop other people but there will always be some who would find ways no matter what.

- Indeed, many countries have noticed the volume of capitalization being pumped into the crypto market, too much attention and when the media has been talking too much about crypto, the government already knows this time is in need of restriction but compared to many other issues, crypto is only a temporary threat and needs temporary solutions. Many people in banned countries are still quite comfortable with computers and phones in accessing bitcoin, perhaps the consensus of the governments is still too long to be implemented

Or wouldn't really be implemented at all because no matter how hard they would try but still wont be enough if we do talk about banning it completely or getting rid of it.

We have seen lots of situations on where some governments in other countries which they do make out such banning and prohibition but what happened?

Most of the government is fully aware that they couldn't do such thing if turns out to be mainly support and due to technical factors then
some of them do give up with that common goal.