Due to currency concerns, many countries banned the use of cryptocurrencies for any purpose. They now seem powerless as transactions are ongoing beyond their control. Why do they think they can censor activities beyond their sphere of influence?
The reason why they believe they can control or trash a decentralized cryptocurrency like Bitcoin is that they believe it is all a joke movement that if the Fed tightens their restriction BTC will struggle and that's people like "Jamie Dimon says Bitcoin is worthless"
Today, latecomers like myself are ruing lost opportunities.
You're not late comer until the whole 21 million coins are mine and like you said Bitcoin gives people the route from poverty. What will determine you being a latecomer is the decision you make never BTC present an opportunity in the market.