Quote from: marine4u on April 15, 2022, 04:54:09 PM

Quote from: Gyfts on April 15, 2022, 04:19:49 PM

Bitcoin is indeed above government regulations, but each country or government has its own rules or regulations. The government will not fully regulate Cryptocurrency they only regulate the entrance but not for the inside.

They won't be able to ban bitcoins and worldwide users like I know they will try to manage bitcoins/ want to embrace bitcoins and drag bitcoins with them because they crave and want bitcoins but obviously Obviously, they won't be able to do that. The evolution of always open, decentralized technology will welcome the world in the next few years.

When geopolitics has alliances, why can't bitcoin have coalitions from countries that are considering bitcoin's legitimacy in the future? Whether the government of each country is urgent with regulations or not, it has been proven through the history of the development of bitcoin.

My concern is that the major players (US, EU, China) will either collude with one another to oust Bitcoin or act independently to regulate all cryptocurrencies to such a degree that investors flock to other assets. At that point, it'll be impossible for the rest of the world to compete and out maneuver the larger economies because of how much capital they control. There aren't enough day-to-day users of Bitcoin that would allow the price to be maintained (at it's ATH or lower) if the institutional investors are gone.

I wouldn't mind seeing a pro-BTC coalition. Problem is that most countries are on the wrong side of the issue.