Most of us agreed that this bitcoin or cryptocurrencies are the new era of currency. Its virtual currency that we can own and used to buy in online transactions. This is the way of the future, and we are in the earliest era of it.We are lucky enough that we witness it in our time IMHO.
Bitcoin can be the currency of future. Its users are increasing with time but still it is not used for daily purchases. Although, many companies like Uber have started accepting payments in the form of BTC from their customers but still the ratio between fiat usage and BTC usage is huge. There will be a time when bitcoins will be used in small transactions and then it will surpass fiat.
In that aspect we need the government to regulate bitcoin so people would use it without any fear.
Bitcoin is now very popular especially in bigger countries and when they can considered it as legitimate coin which means
they will regulate it, then for sure it would be easier for smaller countries to adopt soon.
Lol , bitcoin will never be regulated by anyone , by anything!
The basic concept is about decentralization where everything done by us not with one side only ,
To make people not fear or feel insecure government simply make a statement that bitcoi is really considered as a currency and they will afopt it ,
Not by trying to regulate it , really won't happened!