Bitcoin has come a long way; many people hold it and perform transactions on a daily basis, and that’s part of the things that are keeping the trend and growth alive. If everyone decides not to be transacting it and just holds it without anything being recorded on the blockchain, do you think Bitcoin will still seem the same way? Something that is not being used won’t have any value attached to it again to some extent.

That's what catches my attention: adoption will be much higher, and with greater adoption, the price will legally have to rise because many more people will participate. As things become integrated into the global system of governments, those governments that initially refuse to accept BTC will eventually have to. You can't say no to money; a government can't be that obtuse.

Since all governments worldwide will accept BTC, they must be fighting against the tide. You can't do that, because everyone will buy BTC on their own, evading government regulations.

Bitcoin started to be adopted in many countries. Back in the day, there were probably only a few people who knew Bitcoin in my country, and even the local board only had a few members. I remember the time when Bitcoin was kinda of an enemy of the banks, probably, it was a topic here most of the time that Bitcoin was going to kill the banks. Now it is already adopted by centralized platforms in the banks, where you can already buy Bitcoin in the bank's platform.

There are a lot of conflicts with the regulations, for sure, and I don't like that it is getting centralized because it is defeating its purpose. We don't want it to get regulated because it should not be regulated, but I guess the government wants to regulate everything because they are going to earn on it, they are taking advantage of it because they know that they can't touch it.

I’m not sure regulation is the main reason tho. Even in countries with no capital gains tax on crypto most people still hold instead of spending, mostly because nobody wants to pay with something they think will be worth more next year.
Fees and slow confirmations when the network is busy don’t help either. Tax rules add some friction for sure but I’d say volatility and the “number go up” mindset pushed the store of value idea way more than any government did. As for Satoshi, yeah the whitepaper says electronic cash but he seemed pretty practical so I doubt he’d mind people saving in it as long as you can still send it peer-to-peer without asking anyone’s permission.

There are many factors which contribute to Bitcoin value: Scarcity, blockchain security, decentralization, censorship resistance, utility, trust and adoption. With time, there are many bullish things converge together.

Like scarcity becomes more clearly and more people realize about it, so scarcity effects become bigger with time.
Blockchain security becomes better and stronger with bigger network hash rate and more Bitcoin nodes globally as well as hash rate distribution becomes more decentralized in more countries.
Utility, trust and adoption become better too.

How does Bitcoin have value?
The bullish case for Bitcoin.
Bitcoin is an accounting revolution.
Why Bitcoin is not that stupid?

Deep down I am still using Bitcoin to make some payments online but you have a point, some many stores and merchants aren't accepting Bitcoin, the most popular thing I use Bitcoin as payment for is buying digital codes.

Like gift cards, eSIM, refilling internet data subscriptions and some others that are similar to what I made mentioned, I think it's not on the government to make such decisions, any store owners or merchants can still decide to accept Bitcoin.

There is fear of volatility and that will never get erased since Bitcoin is created in such a way, many businesses don't want to use Bitcoin because of it's volatility and that's where the problem is, not even the government.

That is already in place, Bitcoin has already make wave and everybody already knows that Bitcoin does not only end in peer to peer but also an asset. It's only a person that lacks information that will not know what Bitcoin is an asset and also money.

Well that was the initial plan, for it to be used for peer to peer but now as demand keep rising and adoption keep increasing, it is no longer only for peer to peer but an asset. And I don't buy the idea of saying that government has ruined Bitcoin because people with the highest Bitcoin adoption are not only the government. Some individual and group of people are involved in holding a huge amount of Bitcoin. So Bitcoin is decentralized and not centralized. If it was government that is in control of Bitcoin it means that Bitcoin is no longer decentralized but centralized.

Even if Satoshi was here, he would have done nothing because even him can not stop people from using Bitcoin as an asset instead of peer to peer. Satoshi knew a day like this will come, but maybe he didn't feel it would be anytime soon.

Is there any possibility of a catastrophe in the world where no block is added to the blockchain? I think it may not happen now. Countless people in the world are trading and investing in Bitcoin and many are holding it for the long term. Although everyone's goals and objectives are different, countless avenues will open up for transactions in the future. People are accumulation Bitcoin as an alternative to fiat because the value of fiat decreases due to inflation.

The government is discouraging but many people prefer to follow the opposite policy of the government because the government is caught in corruption and then adopts wrong financial policies that go against the people.

You are right that Bitcoin has some problems with high fees and long processing times. We always look for fast and cheap transactions. But Bitcoin is so secure because of all these processes. But , these problems will be easily solved due to the development of new technologies. For example, the Lightning Network has made it possible to make Bitcoin transactions faster and cheaper. Lightning does not require relying on the main Bitcoin network for small transactions. Which makes small transactions much easier. It has been effective so far for buying coffee, paying small bills or sending small amounts of Bitcoin. It works based on the security of the main Bitcoin network and the Lightning Network increases the speed of transactions. But , this technology still has some limitations. So I believe that while fees and speed are problems, they are not a permanent obstacle to using Bitcoin.