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Will Bitcoin ever be truly accepted by government?
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[QUOTE="Good-Guy, post: 238633, member: 29109"] I do not think that Bitcoin will be accepted by the governments until or unless they figure out a way to regulate it or somehow control it. Bitcoin is a decentralized asset and it cannot be controlled so easily albeit it could be traced. The major problem is that if the governments had any power over Bitcoin, they would have no problem legalizing it. Since their powers are quite limited when it comes to Bitcoin, they have no other option but to ban it without considering the possibility that it might be really beneficial for the economy. Despite all this, there are certainly many countries that have accepted Bitcoin as a legal asset that could be mined and traded in the country. Some of those countries include western nations and many other big countries and I think that this is the main reason why Bitcoin is surviving till now and investors are interested in investing money in cryptocurrencies. There might come a time when cryptocurrencies will be regulated just like any other payment system and only then it will be accepted by the world governments. Otherwise, it will still remain one of the controversial assets in the history of mankind. Honestly speaking, this is why I believe that Bitcoin and other popular cryptocurrencies are unique assets in the history of mankind. [/QUOTE]
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Will Bitcoin ever be truly accepted by government?
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