This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
Governments could ban the use of bitcoin even if they can’t take over the system at the technological level. People could keep using bitcoin in that scenario, of course, but it would be like dealing drugs. Most people don’t want to deal drugs even if it’s profitable because the consequences of being caught outweigh the profit for most. That said, I’m a bitcoin speculator. I believe in it’s medium-term growth and, potentially, long-term success if it’s not banned or heavily constrained by regulations. But I prefer to speculate instead of holding because of this potential ban/regulation that could destroy bitcoin’s price overnight.