I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence.
China has done more harm than good for bitcoin and its not surprising because we all know how controlling their government loves to be.. But it's no brainer i think the people their have become more smarter with the use of cryptocurrencies such that not even crypto bans will stop the revolution in these parts of the world.
On Africa thought these guys have contributed positively after their home currencies have been barted by poor performing economies and they have turned to Bitcoin for better stable alternative currency.
Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.
Bitcoin has done it time and time again without this money and it will do it again just hang in there.
In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?
You keep insisting on bitcoins success depending on a nation investing, this is not the best idea.. Crypto is better off with individuals investing as this is the financial freedom they long for.
What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.
For starters bitcoin price will forever remain unregulated and will depend on supply and demand to determine its performance and not regulations.