The government has power and I agree with that but in the end none of them can stop bitcoin including countries that do have a big role in the economy such as the US and China and Russia will not be able to stop bitocin because they will continue to move according to what was planned from the beginning where it will be completed even 80 decades from now.
Putin (Russia) mentioned that no one could stop Bitcoin. The USA is planning to consider it as a strategic reserve, while China continues to ban it. These major countries, at least two of them, are in favor of Bitcoin. This shows that Bitcoin will always sustain itself, and that’s the power of decentralization.
Although regulations may reduce our anonymity or lessen privacy in transactions, as long as the system remains intact and functions the way it’s designed to, Bitcoin will remain unstoppable. With that said, we should consider investing or continue holding as its demand will continue to increase in the future, and you know what would happen to its price in that scenario.