The rate at which bitcoin is surging high is alarming, each day there is a thousand increase.Am not sure if bitcoin has any regulation.If anything can make it take a step back a little, it will most likely be a fundamental analysis. Although i started crypto late but i dont think its too late to reap benefit from it.
what are your thought about the bitcoin on the long run?
It is not possible for anyone to regulate Bitcoin when there is a large amount of people using the coin.
There's no need to regulate Bitcoin itself or the blockchain system itself. It's enough now to regulate the end points of the bitcoin ecosystem where the bitcoins are exhanged into fiat money (e.g. exhanges, merchants, bitcoin payment processors, bitcoin debit card issuers etc...) For now, you can hardly use your bitcoins when you don't want to get fiat involved in the transaction. Of course, you can buy some things, usually online stuff or some kind of electronic devices (PCs, phones, etc...) but you can't use your bitcoins at the groceries shops. So if you want to use your bitcoins for everyday stuff, you will fall for the regulation sooner or later. On the long run, there's a chance that people will use bitcoin for everyday intrapersonal transactions, and in that case regulations will not necessarily apply.
