Bitcoin Forum

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

bitcoin may not be a legal "currency" in most of the  world but it is legal "something else". for example in US it is a legal commodity. as long as it is not illegal the growth will easily happen because it doesn't matter much what the government calls bitcoin. in the end bitcoin i still the same currency and continues to be adopted. that is the point of a decentralized currency anyways.

Do you think there is a boundary line that is drawn by governments for any commodity that haven't gone through under regulations and owns the legit label

as long as possible because we can see, bitcoin is acting without legal acceptance and it already did a good job to maintain its development. I think bitcoin still can progress more in the financial world

Yes I agree on that, I believe that bitcoin can help everyone on the financial aspect and many more in the near future will be surprising. There are countries that support and do not support bitcoin so I think it depends upon the country on how rand when they make a suport on it because it is really decentralized ad it doesn't need a country or maybe government to rise.

There are now very few countries that not declaring Bitcoin legal but not ban so i guess the time of free Bitcoin is very limited now. Most of these countries are now regulating and accepting Bitcoin already specially if the certain country was benefited well of the existence of Bitcoin. So i guess by next 2 to 3 years there is no more neutral government for Bitcoin but mostly they legalize it.

If the government remains neutral without disturbing it citizens for using bitcoin it will go far. We are not sleeping again waiting for government to salvage us, we wait to take our destiny by our hands.

The extent of growth is not going to be easy yo establish at this time but one thing is sure that the growth will be limited to mainstream acceptance because of the lacking of approval from government. However the growth would not be significantly stunted in that it would still be growing at an incremental rate for two reasons

1. The blockchain which is the back bone of bitcoin itself. This technology which is being developed to be applied to business operations would continue to provide unending solutions to problems. There is no way we talk about blockchain, and bitcoin would be irrelevant.

2. There would always be quasi approval and that would make the growth a constant thing. Of course regulations would be rolled out to ensure actors in the market are playing according to the rules and investors fund is secure, it does not mean its legalised as a legal tender.

After thorough thinking, I'm forced to ask where was SEC when Bitcoin has consistently been growing from 2008 until 2017 where it hits 20,000$? Surely we all know this is www achieved without SEC. So I strongly feel with(out) regulations,Bitcoin will surely pull through.

I think that now there is a process of accepting bitcoin and it is good. Without the legalization of bitcoin, the whole industry becomes in the shadows and people are afraid to invest.

If there is no active involvement of government in such matters, either positive or negative, bitcoin and other cryptocurrencies will likely reach a level of saturation after a while where it will be staying for many years to come. It will take its niche as a specific means of payment and investment or speculation vehicle, mostly in the Internet, but it won't be able to undermine fiat as an established currency, the one which is actively used for payment everywhere. There will be a certain sphere of application, a crypto economy of sorts, with borders, but it will be limited.

I think this is the most realistic scenario.

bitcoin will continue to look monotonous, with the same system and with the same investment value. the price will drop when demands decrease, and increase when demands rise. without recognition from the law, bitcoin will be difficult to go further due to regulatory issues.

How do you classify illegal and legal?

Why are you so concerned about the legality of Bitcoin?

What evidence do any goverment of a country has to prove Bitcoin is involved in illegal activity?

From 2009 till date Bitcoin and Blockchain technology has grown significantlly. I do not think Bitcoin need any kind of legal acceptance. Those who understand the concept and are aware about the Pros and Cons do not care about it. People are still investing and making profits.

This scenario of regulating Bitcoin has been created by the goverments in order to take control of the Cryptoworld. I am sure many members here will feel the same as I do.

Bitcoin cannot move on without legalization. Blockchain technology needs mass adoption otherwise it will not reveal its full potential.

Bitcoin has grown in value over the years, in adoption and mainstream acceptance, not so much.
Bitcoin of itself is not termed illegal, but it can easily be used for illegal activities.
And it offers total anonymity to the community. And is also decentralized. Which are qualities not usually associated with a financial symbol.

But this qualities can be applied in other areas of society that needs, transparency and decentralizatiom.
I believe gov'ts are more considered about how to apply the blockchain to other areas like conducting a poll, to an election. It can facilitate the transfer of information and commodities o
To any part of the world.

Bitcoin has gotten it's community who prefer the alternative currency. And I think k that's enough to push it up. How high, we shall see.

As long as it is not considered as "illegal" in most of the country I think there is no big deal, every new technologies starts in small community and time by time this community will get bigger and no one can stop it until it is known by most of the people living just like social media.

Just don't declare it illegal and we, as a community, can make them accept it. Governments, etc can only deny this for so long especially if the popularity and usage increases. We have the power to make this work, not 'them'...

I believe Bitcoin is among the sustainable things out there that does not have to work with legal acceptance. As long as it does not cross the illegal border, it should be fine. I think there are a few parameters Bitcoin has to overcome should it seek global acceptance. It might give up some of its unique characteristics in the process, but I do hope that it can still be set apart from fiat.

But Bitcoin has been the same since its inception for most practical intents and purposes, right? So how exactly do you define "as long as it does not cross the illegal border"? As I see it, it is not and will never be Bitcoin's fault if it "crosses" that illegal border. This border is not defined by Bitcoin, whether it is legal or illegal is defined by neither the community not the devs behind Bitcoin. It is defined by people who essentially have nothing to do with Bitcoin other than declaring it "illegal". Which is to say, who is actually crossing the borders here?

You think bitcoin has the ability to progress with the current world and I too believe that and I think bitcoin can expand more in the future but with a more acceptance from legal parties which we should wish that will happen in the  future because bitcoins is the worlds first digital currency as we know and if it becomes legit it can open a whole new page in the world for cryptocurrencies and that is why I think achieving legit label for bitcoin is very important not just for it but to make a real difference 

Everyone know bitcoin is not a legal currency in the world and it has many limitations by the government. After that it is going on.Without government acceptance it is run through and its user increases day by day.

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin

For me, Bitcoin is already accepted as a legitimate currency because its users can obtain goods and services through it, and every time there are more businesses enterprises that accept it as a payment method. The legality of bitcoin depends mainly on the user and that is where the political barriers are, which have the need to know who are the owners of these cryptocurrencies, where they are in the world and for what they use them in order to maintain control over the use of currency in illegal activities such as money laundering.

Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.

and to develop, of course, bitcoin and cryptocurrency need time for that, because until now many of them still doubt the role of cryptocurreny for future economic development in the future

soon, after they know and see what benefits of cryptocurrency and of course Bitcoin, they will want to use cryptocurrency for the new payment system and they will accept the cryptocurrency and make it legal as Japan. but cryptocurrency still younger and needs to develop as you said and there is a big chance to see cryptocurrency will be legal in all country and solve the financial for every people around the world. besides that, the adoption still needs to make cryptocurrency to grow more than today.

really open to all cryptocurrency I think has not yet been invented, so it makes sense to watch the market

My main concern is about a one word you have mentioned that is war and a war against crypto and I hope that won't happen and I know how japan consider about bitcoin and other cryptocurrencies with an open mind but the rest of the world view towards crypto is much worse and i hope that will change too

In my opinion, bitcoin will remain great alternative to all global currencies.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.

I think your mentioning about business adaptation is a major reason why bitcoin is rejected by many governments because if bitcoin has been used by many businesses even governments could see its benefits but that didn't happen. What has happen today is even it is a great digital asset the people who uses it only use to gain profits through investments so its qualities and features are in vain wasting between wallets and exchanges

I hope that will happen and even if bitcoin doesn't become a mainstream currency in a level to replace fiat it should at least remain as a alternative currency but even to achieve such mission its path is filled with many problems and obstacles but like you have mentioned if the average user is with bitcoin nothing can stop from achieving that

Even though bitcoin has not gained legal status in most of the countries,still it has got the trust of most of the people all over the world.That's why it manages to survive.

I think the government will not continue to refute or not accept bitcoin, because of a negative perspective.
and if one day many governments legalize bitcoin as a means of buying and selling online. then it is also possible that all countries will legalize bitcoin in their countries.
we really need to worry about that, but we don't need to be panic to have bitcoin. ;)

this is true, just a few governments like china and india that are being enemies of bitcoin


The biggest problem today is the fact that many countries in the world are poor and governed by ambitious people who only think of stealing money, if poor people do not have access to technology. they will not use bitcoin

I believe, bitcoin will not die without the legality of the government. Although possible, without legality, bitcoin will be difficult to develop quickly. But I believe, someday. More and more countries will legalize bitcoin

The difference of cryptocurrency from other financial sectors is that it is decentralized. So no one can't affect price, just buying-selling. I mean, price can increase and decrease as much as you can't imagine.

It has been a decade now since bitcoin as well as crypto currency started to enter the market and even without the support of most countries especially government it remain strong and very appreciative thru the years, so I guess bitcoin can go even further more than anyone cpuld expect it. The market is still moving and growing so as long as people support it, it will continue.

Hello,

BTC could continu to progress, like he already did for the moment without rules but if we want to obtain the full potential with mass adoption I think it will be almost obligatory to ave a minimum rules in order to attract institutions and countries then lambda people. and small regulations will not necessarily kill the BTC purpose.

Right.It has already been growing even without the mass adoption of the government so i think the progress of bitcoin is becoming more inevitable especially now that it's having more exposure and particularly more demands from the users ,holders and investors themselves.

In most of the countries, bitcoin is not accepted as a payment. But it's not illegal. Bitcoin is now growing because the community expect it to become a common currency in future. This demand and also increase of its popularity, causes the grow to continue. Even if bitcoin  doesn't become a common currency it will continue to grow as a commodity.

  How do you like this news? SEC approved cryptocurrency exchange, Circle Invest lists 4 projects: EOS, Stellar[XLM], 0x[ZRX], and Qtum More info read: https://blockmanity.com/news/exchanges/sec-approved-cryptocurrency-exchange-circle-invest-lists-4-projects-eos-stellarxlm-0xzrx-qtum

Bitcoin managed to grow from cents to a thousand of dollars without legal intervention and recognition from 2009 to 2013. From a community of enthusiasts and developers, we grew into a community wherein almost all walks of life are involved. We managed to get the cashless revolution growing by simply existing and talking about things we 'think' would be better for the society. Bitcoin managed to grow and develop without government acceptance, and right now, everything is just a plus considering that many people are already considering to see it out and think whether going 'cashless' would be better for them.

Sooner or later, government intervention would be there. It's inevitable, especially to a growing cause that started as a vision and can potentially spark another global movement towards a better society.

We need to accept the reality with the support of the government of every country bitcoin not going to progress, the legality of bitcoin in very country are need to process to achieve the goals.

So we need to support and convince the worldwide government to adopt bitcoin as leagal tender and explain them about the capability of cryptocurrency how to help to grow in the economy.

Bitcoin has existed around for almost a decade and it rapidly becomes recognized payment method in many countries. It is the proof that Bitcoin is able to grow, even rapidly growing even though the legalization is still to be a concern in many countries. It is a code and good sign that bitcoin will grow more and more. It definitely needs process to prove the potential of Bitcoin and the widespread today is the proof of Bitcoin progress during a decade.

The believe and attitude to Bitcoin is keep going to grow that many countries. It can be used either a lucrative investment or a legal means of payments. The progress of Bitcoin even beyond of Creator expectation that it is becoming a well recognized globally and it will grow go to the roof top of the price.

I know this will happen in the long run but as for now,it's hard to convince the government to adopt it so it will become a legal currency.But i believe even if the government do not see it as a potential currency today,it will still continue to make progress and continue to grow its demands in the next years.

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

I think that bitcoin will create a market that is in great demand by the world. and that will make the bitcoin market always have good progress, today and in the future, so that the existence of bitcoin can survive until bitcoin becomes a legal currency.

on the other side, bitcoin is not an illegal currency, but bitcoin only takes time to be accepted by the world.

The legality of Bitcoin depends on who you are, where you are in the world, and what you’re doing with it.

Every single fiat currency in the world is created, released and controlled by a single entity – in most cases a central bank. Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. As it’s becoming more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency and where exactly does it fit in existing regulations and legal frameworks.

I don't think bitcoin can progress long in the financial world without legal acceptance because bitcoin is now banned in some countries. Bitcoin need some regulation to be accepted

the longer bitcoin is not banned, the sooner it will be allowed, because more people will know about it

This is the great difficulties that many have about Bitcoin. Nowhere in the world is it totally forbidden, meaning no one will ever be arrested for buying or selling Bitcoin today.

What Bitcoin is lacking in many countries is regulation and understanding of what it is before regulatory organizations. This hampers the entire ecosystem related to Cryptocurrencies since many companies and exchanges often have no license to operate.

I think bitcoin is currently a currency that is not yet legal but in some countries bitcoin has been recognized and used in various countries so bitcoin will always be developed again and will develop and become better so don't be afraid to invest in bitcoin.

Yes, I believe that bitcoin can benefit investors' finances and countries that support and do not support, without or recognized by law

The governments in this world will ban bitcoin if it really will make effect their economic disturbed, that is one factor must be memorized. Most countries who ban the using of bitcoin/cryptocurrency is developing country who have lack knowladge against technology.

I just wondering for those people who live in the countries that accept bitcoin/cryptocurrency well, was bitcoin disturbed the country's economic stability? Were each person change over to using bitcoin and leave money fiat? I hope this question will be answered by someone to be a reinforcement that bitcoin/cryptocurrency doesn't have a major negative impact on a country's economic stability.

On the operational level alone, there is currently no country in the world that can restrict the right of a citizen to remember two strings of passwords (public and private) through law. Moreover, from the perspective of IT technology, shutting down a P2P network is not something that humans can accomplish. The nature of P2P itself determines that once a project is launched, it cannot be closed.
It is conceivable that in this case, the difficulties faced by any government in any country to abolish Bitcoin are enormous. To take a step back, even if all countries have eliminated the current version of the Bitcoin network in their home country through various means, Bitcoin will not be lost as long as the user's Bitcoin wallet is still there.
Therefore, the key to the existence of Bitcoin is not whether the government blocks it, but whether the fans can always maintain trust in it. As long as the trust exists, Bitcoin will still show value and still cannot prevent people from using it to redeem. Legal currency or exchange of goods.

Not all countries got bitcoin illegal, because as crypto currency itself, more country in asia are legally accepted this bitcoin to be use, and with some reasons, bitcoin rapidly grown in the place ive mentioned, i am in one of country in asia who witness the growth and acceptance of bitcoin here. And in my own opinion it would last more longer as we expect.

the rate of bitcoin cannot be stopped because bitcoin stands alone is not dependent on any country, almost all countries that do not support bitcoin say bitcoin is only an asset or a commodity no one country rejects totally but they reject the use of bitcoin to be a direct payment tool. So the rate of bitcoin has almost no obstacle to progress.

Still many governments haven't taken a significant action regarding bitcoin because some are bit uncertain whether this is an opportunity or a disaster for there economical system and some doesn't get the bigger picture about bitcoin and that is mainly because still it haven't made a huge impact in the business world that is powerful enough to make change for better so I think it might take more time for us to see a different

One hand, Bitcoin can progress without legal acceptance but it can not develop as much as bank note. I mean governments must guarantee for their residents by controlling the global currency. Moreover, Bitcoin is needed to take taxes in order to contribute for the budge of the nation. In an other hand, once BItcoin has legal acceptance, it will develop in  more and more countries. Anyway, Bitcoin should still be needed legal acceptance.

In some countries, Bitcoin is accepted as legal currency, so people can pay something by BItcoin. Then, investors will try to earn more Bitcoin because they know Bitcoin can develop more . But now some countries ban Bitcoin, of course; people there don't want to trade Bitcoin. Thus, it is difficult for Bitcoin to trade without legal acceptance.

It would be hard for bitcoin to go any further if there is no legal acceptance worldwide. But fortunately, there are some countries that already marked it as legal currency which is good for the future of bitcoin. We just need to wait for more countries to start to accept bitcoin and then the party will be begin.

I think bitcoin is still really able to go further even if without legal approval, the proof?
since the birth of cryptocurrency until a few months ago before there was a SEC issue and bitcoin ETFs, it still works well right?

Bitcoin is not waiting for some government bureaucrat to determine it's future. They have a choice, accept it or we go underground with it. This has happened many times before with things like liquor and tobacco and look at where those industries are today. Bitcoin anonymity just make it easier to take this technology to the Black markets.  ;)

So, they accept it and they get the tax benefits or they deny it and turn it into a tax avoidance technology.  :P

I think that it can progress far enough. We can see tht now bitcoin make a good job and it’s capable to maintain its development without being legal all over the world. Bitcoin can keep on progressing in the financial system. I think the most important thing that a decentralized system supported by a big community worldwide has proved its efficiency. This fact cannot but frighten governments a lot. But sooner or later countries will decide on bitcoin status. It involves both advantages and disadvantages for the crypto world.

In my opinion. bitcoin will continue to grow even though there is no clear legal legality in all countries. for example, when bitcoin was present in the world in 2009 until now, no country has declared if bitcoin has been legally legal to date. but bitcoin continues to grow and grow and is able to attract Inevstor to have it. and bitcoin is able to become the first digital currency that can last more than 9 years.

When the government does not recognize the existence of Bitcoin as a whole it is likely that there will be little problems regarding the use of Bitcoin in the country, so it can be ascertained that the development of Bitcoin will be hampered.

i think bitcoin will be able to go on although without legal acceptance because like we all already know the users of bitcoin is increasing time by time and im sure it will be increasing in the future.

We can't really say how long it will takes. Some government is seeing this as a threat but some does not. Yes bitcoin is far from what it is 9 years ago. It is a good to think that it reached that far even though some are trying to stop it. I think bitcoin will continue to grow and be already accepted by a much more country in future. Maybe one of the reason bitcoin did not disappear is because everyday, people aaccepting bitcoin is growing.

Legalization is an important issue these days. Legalization of the crypto currency market is very essential because then only it will be able to be accepted globally. Universal  acceptance of this digital market will enable the investors worldwide to make more out of it. Right now there are many countries where there are controversies ongoing relating to bitcoin, that is in turn effecting the prices of the crypto coins. In India, as we know lately Zebpay the premier crypto exchange has  shut down and this is the result of deliberations by RBI stating banning of crypto related transactions. So in such kind of environment how can one expect digital economy to flourish?!?

As of now, bitcoin`s progress is still great because of it`s achievements. But as long as it is not yet legal, people would still doubt about bitcoin and think it is a scam. It would be a better progress if bitcoin will become legal already.

Bitcoin lived through years without legal acceptance it's only now that it is mainstream that it needs legalities. I think bitcoin will still continue and it will be used again underground.

It is true that bitcoin was not received at the ETF yesterday, but during the session at the SEC, the SEC provided a countdown in 2019 where the progress was before the SEC.

It provides an open opportunity for audiences to comment on bitcoin. In the commentary session, many audiences gave positive responses about bitcoin, this is one of the capital in opening the opportunity for bitcoin to be accepted by the SEC next year.

Actually bitcoin can not go further in the future if it is banned all over the world. Bitcoin needs government approval. If all the governments do not accept the rules will slowly kill bitcoin. But at the present time bitcoin is being accepted from some big countries. That is a good sign and it opens up the bright future for bitcoin.

When you say legally accepted by government, I smell "Regulation" discussion and I really don't think Decentralization and Regulation can work hand in hand because there is no trusted party.
Legalization=Regulation=Control
But be that as may, government won't have any option than to legalize it, the people and companies wants it, and government depends on people to remain useful.

Bitcoin was meant to be decentralized and as long as it stays decentralized it will survive. It will go a long way because the internet will never stop and hence the bitcoin network will keep functioning. As for the adoption of BTC, it depends on governments whether they accept it or not. Even if they don't, people like me and you will continue to use it. So,  as long as  there are people like us in the crypto community bitcoin will survive.

Without universal acceptance of Bitcoin, it will simply pick up its maximum speed, and then it will slowly or sharply jerk down as this will be the pyramid

I am into AML BitCoins and I am sure this coin will and is taking huge steps towards being the best crypto in the market. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

Till date, for nearly a century now, bitcoin has been in existence without an actual global legal banking.  Even with other places in the world banning bitcoin and all form of cryptocurrencies, bitcoin gained a price value of USD 20,000 a piece last year. And it all happened as bitcoin is being attacked regarding its legality.

So yes, bitcoin can progress in the financial world even without legal acceptance, should we decide to use it for its primal design, as a digital currency.  The problem of legality has always been focused on the investing instrument and derivatives. With price volatility and concerns about price manipulation, bitcoin as an investment might just face more hurdles in the coming years since the government has started taking serious steps to really know more about cryptocurrency.

Well it think it won't be as easy as that. You and me are probably living in a country that has a lenient or supportive stand about bitcoin but we can imagine how people from countries that ban bitcoin will do. Bitcoin will need support and acceptance from governments so it can grow. A couple of regulations to make it safer for users won't hurt.

Agreed, the process will entail a lot of difficulties should bitcoin remain to exist with no legal acceptance.

Though ideally, bitcoin was supposed to operate without any government nor legal acceptance, at the rate things are going right now (with many investors both individual and institutional taking interest), a government backing will surely not hurt provided that bitcoin's primal design remains the same.

I think many governments have already given it some legal backing. I do not believe they mean it though. They probably did it in hopes that they would capture, regulate and tax most of the Cryptocurrencies on centralized exchanges.

  legal acceptance or no legal acceptance Bitcoin don't really care.

Well, if you take the past of bitcoin, it exists for 9 years without regulation. Yes, in some countries it is already accepted as a means of payment. But the essence of bitcoin is not to be regulated, or the government could take it into circulation. The point is that it should be free and accessible to all. My opinion: bitcoin will be limited in functionality if the government takes a close look at it.

I think bitcoin must be legalized by the government so that the use of bitcoin as a currency will not be hampered, and people will feel safe with bitcoin because they get approval from the government.

It is progressing far more than what is expected, imaginable from the creation of bitcoin up till now there has been a tremendous growth on bitcoin and it has gone through the test of time and it  will still grow and it will still excel to the top.

Although it is not a legal currency, bitcoin has gained much trust from the buyers and the holders.
And i think bitcoin will going far in the future, not possible bitcoin will be accepted by countries and get legalized.

Times have changed since the creation of Bitcoins and most countries in the world have decided to legalize the cryptocurrency and regulated it and as time goes on and on more and more countries are seeing the benefits of Bitcoins andriving the other altcoins and have legalised it accordingly.

I think that without accepting bitcoin, everything will be as before. And, as it seems to me, there will be no big growth. Now the market is waiting for important news, and therefore the price of bitcoin is relatively stable.

Even without legal acceptance, Bitcoin will still continue to grow and it doesn't matter if governments accept it or not because this technology is decentralized and no one has the power to control it either a central bank nor a government. (but whales can control and manipulate its price/value ;D)
Bitcoin is running smoothly for almost a decade now and there's no problem if some countries ban it or accept it Bitcoin will still manage to survive because of its unique feature that was designed by none other than the legendary "Satoshi Nakamoto" the who is behind this monetary revolution that gives freedom to everyone that uses it. 8)

There are many countries that accept bitcoin as digital currency and they have regulations being implemented. I think the future of bitcoin will depends on the adoption as this will increase the demand of the market. With or without the government support this technology will continue as we have many people had gain earnings from this technology.

Bitcoin progress for 9 years and beat no return point.
Nothing cant stop bitcoin popularity. One reason what i know is theoretical misstake in blockchain technology, but it was finded for long time ago if it available there

I think bitcoin can continue drive progress more years even it has no legal acceptance. Because people will always support,use and investing at bitcoin because bitcoin gives many benefits to investor's and bitcoin's user's daily life. Especially in terms of investment,investors are going to put their capital to bitcoin because they will get the return of investment quickly especially when you have a great strategy and also bitcoin can progress in financial world because it is very convenient it can help our transactions more smooth and comfartable so people will always choose bitcoin and it continously happen the bitcoin will live in a long time.