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"
The thing is even FED is restricted and can only function in their jurisdiction. The scope of Bitcoin global adoption is too huge for FED to supress. They can try it on their area of jurisdiction but those countries that does not recognize FED will definitely will not follow its rulings.
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.
I think I agree with one of the earlier replies that there is no latecomer in Bitcoin due to the reason that it is cyclical. There is always ups and downs, window entry for an opportunity and exit doors for those who wanted to get profit. It will be too late if the market isn't cyclical anymore.