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.
I think that big countries such as China and the USA are afraid to use bitcoin as one of the main payment systems because their economies have been formed for a long time, the order has been established, whether it is honest or not. And bitcoin can shake this order, since this cryptocurrency carries the idea of freedom. And in the future, the economic sector of countries may cease to exist because of bitcoin.
they want to be in control of the whole world, with bitcoin there is no transaction distance between countries, and of course USD or yuan doesn't matter anymore, that's a possibility that made china ban bitcoin, but even so there are still many countries that accept it even though they don't legalize it, because of course it can become a new tax object for a country, and of course they can't stop bitcoiners in that country, so many countries take advantage of the tax sector. so that in the future more and more bitcoiners will come and they are already prepared
At the same time, the Chinese government absolutely clearly shows to what extent it wants to control its people - this is total control. And of course Bitcoin with its anonymity goes against these aspirations of the Chinese government. But the United States does not show this so clearly, but since the dollar is an unsecured Paper, it is obvious that they do not want to lose its magical power over the world.