I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.
In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?
What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.
Bitcoin is not in the stage of mass adoption yet. Mass adoption means most people from around the globe are started using it. It will be started during the bitcoin supercycle(I think it is the year 2025). Also, bitcoin is more decentralized. So the nations or people can not change that fact. The Price is changing with the news.