I disagree, Bitcoin will not lose 95% of it's price if government didn't adopt Bitcoin, actually the price would be higher than now.

It's because people will trade via P2P, which make the mempool congested, resulting in high fees, and then it affect Bitcoin price because people will not want to lose their money just to pay the fees.

The government only need to not ban Bitcoin, they don't have to regulate it.

Bitcoin isn't losing shit, the 95% of Bitcoin investors are here for another reasons, bitcoin is made decentralized and that is even why I am into Bitcoin just like some people, the part that the government can't control Bitcoin is what got me attracted to Bitcoin.

While some people are here to make life changing money by holding Bitcoin for the long term, the others are here to use Bitcoin as store of value, I don't see any regulation happening ever, Bitcoin will stay decentralised and nothing can change this.

he is confusing known things about ethereum and he is failing to pretend they apply to bitcoin

since ethereum switched to PoS it lost 95% of its underlying value support bottom. meaning it is being bubble speculated 20x above its real price itt should be post-switch

he however does not understand economics of the differences between bitcoin and ethereum so he just grabs stats of ethereum and then talks about it as if its about bitcoin..
same goes for the US regulations.. ethereum is currently still in the young(under 6month) zone of regulatory coverage, so he talks about the ethereum regulatory discussions and then thinks he can say its about bitcoin.. so he is again switching currency knowledge and also out of date knowledge(by 6 month) to pretend everything discussed about ethereum applies to bitcoin

bitcoin has already had ETF regulatory acceptance for 12 months, ethereum only 6 months
legiteum has alot to learn and alot to apply to the right currencies economics and also needs to catch up

ethereum is slowly losing its peg that held it up (average 1btc:15eth 2021-2023.. now its 1btc:30eth) due to the ETH regulatory acceptance now depreciating the peg

As far as I know,the future of bitcoin is likely to be increasingly regulated as governments and financial institutions take more interest in digital currencies while bitcoin started out as a decentralized and  growing concerns over security, fraud, and money laundering are pushing regulators to create frameworks for its use. This could lead to clearer rules for exchanges and even how businesses and individuals handle bitcoin. Nevertheless too much regulation might stifle its innovation or impact its decentralized nature otherwise it will be a delicate balance between oversight and freedom.

What do you mean by "corporate with law enforcement"? Is anything allowed to thrive without being in line with law enforcement? Regulation in Bitcoin is not new; it has been going on for a long time, so I don't understand how you say it's the future. Funny enough, regulations, and restrictions are reducing in Bitcoin unlike how it was before/
 

The way you use words is confusing. What do you mean by "centrally regulated"? Do you mean like owned and controlled by a central body which is the government or do you mean something else? If it's what I think you mean then it's not possible. Bitcoin cant be owned and controlled by anybody. They market can be manipulated a bit, but bitcoin cant belong to any single body.
Btw, which government is going to own or control it? Russia? US? China?

Bitcoin is an asset. And every asset is pretty much regulated, so yes, in the future there will probably be more regulation, especially since it'll be used for foreign trade.

What "criminals"? Simply those using crypto for illegal transactions or SBF-like schemes? The former are not discouraged to engage in illegal activities because of regulations, so they will probably not have any problem in the future either.

I tried to qualify this, but maybe I can try to find a better word next time.

What I meant by "criminals" is, "those whom are seeking to evade laws/law enforcement in their country or some other country". Clearly there are many "criminals" in the world who are fighting oppressive governments and/or are subjected to unjust or immoral laws, and being a "criminal" in that context is perfectly moral and justified. On the other end of the scale there are criminals who are stealing things from people, harming people, etc. Somewhere in the middle are those evading taxes.

As to the old (and boy do I mean old), "since laws won't completely stop crime then we shouldn't have laws because it's pointless" argument, well, it's just nonsense. By this logic we should make murder and rape legal since sometimes those offenders get away with it. You only need a few milliseconds of thinking about it before you understand how this simply wouldn't work and no human civilization in history has ever existed without some kind of set of laws.

Your example here, of course, was a pretty poor one because SBF is... in prison right now. As are thousands of others who have ripped off crypto investors. Sure, there are thousands who still roam free, and probably thousands who get away with it, but it's simply nonsense to say that laws have no affect on human behavior because they obviously do.

In the case of Bitcoin itself, if the US made Bitcoin officially illegal to hold, then 97% of today's holders would dump it. It's as simple as that. Most people don't want to break the law--even if it's a bad law. This goes doubly true if there are perfectly legal alternative products available. There is virtually no market for illegal, non-USDA-approved meat in the USA. Why? Because you can go to any grocery store and by the legal stuff and it does the exact same thing for you.

If the US made Bitcoin illegal and left other digital currencies legal (that kicked up profits to Trump for instance), then Bitcoin would lose 97% of its investors in a few hours, and the legal alternatives would be 1000x more valuable than Bitcoin.



I'm talking about that and the many other ways people buy, spend and sell Bitcoin and other digital currencies. All of this activity is regulated by governments in all kinds of ways already, and my theory here is that there will be even more over time.


Sure they could: a country can make it a crime to use one of these facilities. It's like saying that a government "can't do anything about" owning a pipe bomb because it's theoretically possible for one to obtain or build one regardless of the laws. Yes, this is true, but the law prevents at least 99.9% of people from doing so because if they are caught they would go to prison. And again, this goes doubly true if there are alternative products that accomplish the same thing and are perfectly legal.

I get that you all want to feel like the US (and other major) governments are powerless to stop you from doing whatever you feel like doing at any given moment, but... it's time to grow up .

The world today is so dystopian it created a chain of sort of 'underground' Bitcoin users in conjunction with Monero users.  The Government can tell you what you are obliged to do but you have a choice.  You can not put Dollars into your Bank Account and transfer it to anybody without it going through a Centralized system first.  Bitcoin is different.  You may need to report a Transaction, but you can always do whatever free will tells you to.

To give you an example.  Can Russia use Banks normally?  No, they can not.  Are they allowed to circumvent sanctions?  No, in theory they are not.  Reality is different however.  They can use Bitcoin and nobody needs to accept or refuse a Transfer of theirs.

I get what you mean.  However, the best thing about Bitcoin is that there STILL are ways to avoid whatever the Government tells you to do.  They can withdraw Cash from circulation and ban it, they can refuse your request to create a Bank Account but you can not be banned from using Bitcoin realistically.

The future of Bitcoin is ( will be regulated ) regulated I mean like it or not Bitcoin is now the part of mainstream news and one of choice to invest I mean just take a look the image that I show you. Blackrock today hold more bitcoin than the original creator of satoshi nakamoto.

When so much investor join the pool of course the government will join the market and start to regulate it. Remember when china banning bitcoin but according the data they still held some of it. Since BTC ETF approved now  the noise in the market is getting louder economic calendar have correlation to the bitcoin price and etc.

you are making it up, how is it possible that bitcoin lost 95% of its investors when it was not cooperative with law enforcement. that is just your assumption who does not understand how bitcoin developed from the beginning it was created until now. with or without government regulation, bitcoin will continue to grow, because the reason most people invest in bitcoin is not because it is regulated, but because it can give them freedoms that they cannot get when they use banking.

bitcon does not need regulation and people also did not expect it to be regulated by the government from the beginning.