Definitely agree about the risk of government regulating Bitcoin. What I'm hoping for is that adoption by the masses will go through the roof (exponential) as they watch the BTC rate when governments start stacking BTC seriously, that should mitigate some of the risk as it becomes unpopular for governments to impose strict regulation.
The regulation imposed isn't the major issue
Cause they might implement friendly to encourage growth.
The issue is using Bitcoin to service their debt.
We can see the danger of countries owning Bitcoin in the market and selling.
Worse case scenario it might cause a chain reaction
When this country see the other selling
They might want to too, not to be the bearer of a loss.
If only the various countries could check and balance one another in it, then that would be better
But that's just wishful thinking.
