I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
Bitcoin isn’t that bad. And from what I have seen so far, the governments that has banned cryptocurrency don’t really have an excuse that is good enough. Reasons they give are usually not enough good reason why they should place a ban on it. Some of them would say it is because it can be used to fund terrorism, which they don’t even have any proof at all for that.
Most of these terrorists attacks are usually being funded with fiat, and the government isn’t doing anything about banks that are letting these things slip through their watch, which is very bad. Now because they feel that bitcoin is uncontrollable, they now want to ban it.
For me, the main reason why the government has banned bitcoin is the fact that its decentralized. And there is no way that they will allow it knowing it won't be controlled by them. And those reasons that it can be used for terrorism funds or any scam activities are only their excuses so that fiat will still dominate the market and won't lose its value in the long run. Rich investors has nothing to do with crypto ban, although they are mostly behind the market manipulation.