But what if majority of governments suddenly restrict the use of bitcoin? it will affect bad condition to the bitcoin. just 1 country that restrict bitcoin will make this volatile price move down, more over if majority of government do that at the same time.
Are you implying it is China? A country full of jokes that merely seeks to exploit its position as a global power. They release unfavorable policies regarding Bitcoin to induce panic among retail traders, only to later unveil contradictory policies that leave many regretting their decision to sell their Bitcoin. This means that China is truly manipulating the emotions of the crypto community.
And if other countries begin to ban it, just wait for some time, and they will eventually introduce policies in the opposite direction.
Bitcoin is the first digital asset to adopt Blockchain technology, rendering it sovereign and beyond the control of any authority. Even if a particular country prohibits its usage, individuals can still possess it.