Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).
What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.
Right now they cannot do it or people are not going to stop wondering why they are doing something like this when things like marijuana is being legalized, first we need to look at the circumstances that lead to the banning of gold ownership and it basically happened because the biggest crisis on the century hit governments incredibly hard.What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.
And we are seeing that circumstances are aligning themselves with a new crisis coming during the next decade, so I think governments will at some point ban bitcoin, but things are not going to be as easy, people are going to do everything they can to maintain their wealth and if they have to choose between obeying the law and having the possibility of buying food they will choose the latter and will keep using bitcoin even if it is illegal.
