Quote from: Marvell1 on February 03, 2023, 03:39:40 PM

Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.

I'm pretty sure most (if not all) of the world's governments will end up regulating Bitcoin with a heavy hand. After all, they wouldn't want to miss a huge opportunity to collect taxes. El Salvador saw Bitcoin's potential to change its economy for the better, leaving it with no other choice but to adopt the pioneer cryptocurrency as legal tender. The Central African Republic joined the game, while Mexico and Brazil are about to do the same.

I think authoritarian countries like China, Russia, and Venezuela will also end up opening their arms to Bitcoin because of the benefits it provides. They may have rejected the cryptocurrency for now, but I'm hopeful they will change their stance as Bitcoin becomes more popular worldwide. We're seeing a wave of mass adoption into Bitcoin from people worldwide. If this keeps up,"hyperbitcoinization" will come faster than you could've ever imagined. Who knows if BTC ultimately wins in its quest of defeating Fiat currencies for good? Just my thoughts Grin