What the government is banning is banning people from using bitcoin, they are ready to impose heavy penalties if someone stubbornly defies the ban. But even so, can you guarantee that people will strictly comply or will they still quietly invest in bitcoin? For example: Bangladesh is a country that is still harsh on bitcoin but did you know that many Bangladeshi are still investing in bitcoin and some are even active on our forum? Governments can only issue bans on their citizens, they have no way to completely stop bitcoin. 


If they could have banned it they wouldn't have legalized it with a bunch of regulations, they clearly failed to ban it and instead were looking to control it. But how effective the control is depends on each government because as far as I know, many investors still avoid taxes, including you and me. I guess you yourself are using bitcoin to avoid taxes, so how do they control you?

We don't know what will happen to Bitcoin in the future, but I think its users will increase, especially if we think about the children who are currently learning this technology since they were small. Additionally, perhaps the government will add some regulations to bitcoin when its price becomes very high. Moreover, bitcoin still has a decentralized system, so I think when the price rises, the government will tighten the regulations.

How bitcoin fits into daily life will determine its destiny, not just its price. It have developed from a little idea to a major business, and that expansion will continue. Bitcoin alters money thinking and use as well as its value.

Trusting each other is crucial. Trust is created via traditional ways by banks. Now, Bitcoin spreads trust. This reform could make money exchanges clearer and more democratic. As more people and corporations utilize Bitcoin, it may become more stable and accepted. Not only are we investing, but we're also preparing financial institutions for a digital era.

You have good reason to be worried - adoption takes time and understanding. The first doubts will fade as this technology spreads, and what remains could change how we trust and do business globally.

I believe that "our" future will be fine with bitcoin, I understand that our grandchildrend's grandchildren may live in a totally different world (one where humanity hopefully solved its issues and not destroyed it) but I am talking about just our lifetime and bitcoin should be fine for retirement for example. Thinking about that part, I believe that we are going to be fine and nothing will be that scary, things should be easy to handle in the end.

We are going to of course have some more issues in the distant future, it is not going to be all that easy to keep bitcoin at the top, but I also believe that we could defend against all the troubles that could come, if only we could stick together and not really have any issues.

As it is now , those conservatives bankers from the traditional methods are still confused of the cryptocurrency world. About from joke the cryptocurrency ecosystem is complicated so it is not easy for those guys to just come and use it. To use cryptocurrency, there are some rigorous processes to follow and if your are not knowledgeable on them then you can't use it and at the end you might lose your funds to scammers because they will come as the form of Angels to help you and since your are not conversant with the system, you will fall for their traps.

And from my four sight of the future of bitcoin, I see dominant of bitcoin over any other currency in the world those bitcoin will not replace any country currency but they will be used alongside. But the price of Bitcoin will be high.

Bitcoin is always soaring to the sky and I don't see any centralize control anytime soon and besides in order to control something you actually need to the source creator of that thing and since they really don't know who Satoshi is, I think we are covered. For me where I see Bitcoin in the future, it will be all the rave as many nations too will adopt it use with effective results from the ones that have been actively using it like El Salvador.

Unless its price become unaffordable, it's still early. Taking into consideration how it has grown and keep growing from its inception, the earlier and current generation are very early to the new technology. From the beginning, only few people adopted bitcoin and the percentage of adopters continues to rise despite kickback from government. The adoption rate will keep growing higher as some governments are giving greenlight to its adoption.

To Op, no one can tell exactly where bitcoin is going but one thing is certain here. It will continue to showcase its nature of fluctuation and hitting all time high on timely basis, retract back and continue growing again as it's doing now. By the way, it's not meant to make everyone free and government can not take full control of it.