It potentially could, but for that to happen we need the mass to shift to Bitcoin completely, and at this point that isn't something I can see become reality any time soon. We shouldn't forget that the far majority of the people aren't thinking about financial freedom like how we think about it. In easy terms, Bitcoin for us is far more than an investment option, which is something others don't feel and understand. If you as average joe don't understand why Bitcoin is such a powerful tool, and why aside from the speculative nature the decentralized aspect of this network makes Bitcoin what it is, then how are you supposed to be taken seriously, or even slightly contribute? Most of the people nowadays are just hype riders....

Your worries are not without foundation, Bitcoin is constantly decreasing in recent times. The recent fall in Bitcoin's exchange rate has been attributed to the fact that there are so many negative news about Bitcoin that the government is considering Bitcoin to violate the law. The government fears Bitcoin will affect the nation's banking, monetary and financial systems and try to spread public negative information about Bitcoin.

Thats because they don't learn more about bitcoin, they just afraid that their citizens will lose their money because of bitcoin. But the fact is people who hold their bitcoin in a long terms are earn significant profit now, even some of them are become richer . The government must learn more about bitcoin so they can make appropriate policy.

Some of the government are afraid using bitcoins because bitcoins claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. Besides, Bitcoin users don’t need the existing banking system. The currency is created in cyberspace, when so called "miners" use the power of their computers to solve complex algorithms that serve as verification for Bitcoin transactions. And in addition, So much has been written about virtual currency and crime, that it is enough to recap the issue by stating that untraceable financial transactions facilitate crime. Drug trafficking, prostitution, terrorism, money laundering, tax evasion and other illegal and subversive activity all benefit from the ability to move money in untraceable ways.

other countries are afraid of investing money without returning money like india, because of scattered scammers on the bitcoin site, so be mindful of bitcoin users to be cautious and watchful to avoid scammers. It's hard to recognize scammers so we need to take extra care and do not let us worry about investing

Bitcoin, as a secure method of payment that isn't restricted by borders, is capable of undermining global currencies as a means of linking everyone together. Governments dont want that, as they put themselves in less power. But right now, they shouldn't fear bitcoin for what it brings, but for what it represents. It has gained a mass following, but there are tons of problems with it's handling of transactions. What governments should fear is another cryptocurrency coming along, for example Ripple, taking advantage of the rising crypto market.

There is alot of fear in bitcoin and crypto currently.

More or less what Kylo said in the Star wars movie.

FOMO at it's worst right now.
Just watch memes and bare it until it's all over and it's over $20k before the end of the year.

they are afraid about the market of bit coin.. this is a threat to them.. but they must learn how to accept the changes..

This far is really sucking them up because they fear that bitcoin is going too viral and it is of not there reach to restrict it movement,cut the cake of there taxes,and also restricting it for the commoners.So all  they could do now is to fight bitcoin,but if they can,t beat Bitcoin they should better join the moving train.