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.
Personally, I think regulation would be the biggest threat to bitcoin. If the government manages to regulate bitcoin, it can do more harm than good. Regulation means the death of the decentralization of bitcoin. If the government would do this, the nature of bitcoin would lose its essence. Bitcoin is decentralized and it was made to be like it so that we can be free to do anything without the need to ask for permission or consent from anything we do from the state. I think the regulation of bitcoin will defeat its purpose if done without a limit. Decentralization is what makes the security of bitcoin more reliable compared to that of centralized ones. In addition, it makes bitcoin more stable. Although regulation of bitcoin won't be easy work for them. I also don't think they can do it. It's very unlikely to happen, but the possibility is there. The chance of success is very little though.