Adoption is on the move and  recognition is  getting more bigger as the years passing but it wont be an assurance that there would be a total overall scale of acceptance.Government does have different takings about bitcoins

existence on the first place and i dont believe that they dont know about its  Pro's but  instead they do go with it Con's and been looking into it or more focused and came up to conclusions  on banning or blocking it into their vicinity.

We dont know on what future looks like or what are the thing that would happen along the way not only with Bitcoin itself  but also in other cryptocurrencies as well.

It's quite the opposite. Governments ban bitcoin because they know exactly its value and importance. Bitcoin is out of their control and everything the government can't control must be banned or destroyed. That is the mindset of people running the governments, because that is actually how they reached at their currently status position: destroying and isolating their adversaries in politics.

Bitcoin can be more effective in future or not. We must observe the imposed regulations and how they will work in practice to conclude if they are making bitcoin stronger or weaker. I just hope some countries don't try subverting bitcoin, so they can become bitcoin heavens for enthusiasts while the rest of the world can implode themselves.

It doesn't mean that the government doesn't know the value or importance of Bitcoin for economic growth, it's just that they have a policy that enforces fiat money. Let's see if other countries have started adopting? some countries are still in the selfishness of banning, limiting blocking restrictions. Technically it's a policy where the bankers are behind their policies, income can't be controlled if it's mostly anti-Bitcoin.

While the opposition certainly hopes that the government should give a little more room and try to implement a simple adoption system first before evaluating what is the difference between Bitcoin and fiat money when a country is hit by inflation.

Remember what governments always say to Bitcoin about its threat to financial finance? that's all they do because they can't have control, I'm sure if they can control Bitcoin and the system is not decentralized it will be easier to accept. Just imagine the pros of fiat money against inflation and Bitcoin provides that solution.

Like anything successful, with time & more adoption & use cases etc it will be more effective. The first block was mined in 2009 & we already have large institutions on board, millions of people & even a country using it as legal tender. It doesn’t take a genius to see where bitcoin is going.

 

It will for sure.

Those countries just don't like bitcoin for now but they will eventually accept it if they see that the first world countries are giving some nice words about it.

And as of the moment, they can restrict it as much as they want but its progress will never be stopped.

For now, there are many governments which are just aiming to restrict Bitcoin's usage field like you said. But I don't think that this will always go on like this. After some point, even the governments of the biggest countries will start leaning towards Bitcoin and they will do whatever they can for people to use it. Maybe not all people think the same way with me but I think it'll happen.

they know the importance of bitcoin very well, and it is precisely because they know the importance of bitcoin that they take these measures



no one knows that, government people might be using bitcoin and not say anything, it wouldn't be a big surprise if that happened, because it's normal for government people to lie


truth

currently bitcoin is only a profitable investment tool and bitcoin is only a speculative asset. Not really used as a transaction tool as it should be. Due to high price fluctuations, bitcoin becomes a high-risk investment asset, but if you can take advantage of it, you will benefit from each fluctuation.

Currently, people from all walks of life and all ages have started to know bitcoin and have started to enter to invest. Some countries have legalized bitcoin. In the future bitcoin will be the most valuable digital asset because the amount is very limited.

Government banned bitcoin because of not some officials has never done any bitcoin transaction. Government banned it because they think that bitcoin is a threat to them, i.e. capital flight, being used by criminals, etc.


It's good that the X and Y and Z generation are into bitcoin, but doesn't matter what age bracket bitcoin is being used. Eventually everyone will see the advantages and the potential of bitcoin.