Regulatory treatment of cryptocurrencies continues to evolve, but because the technology transcends global boundaries, the influence of national regulators is limited. Since cryptocurrencies were conceived specifically to avoid governmental controls, it’s uncertain whether regulation efforts will be successful.

Bitcoin is beneficial that gold in terms of investment and returns safety and control. But still many peoples prefer gold, it is due to traditional thinking they have. Investment in gold is conventional way of investment and going further for next many years, because of its secure returns. Still now many peoples have doubt about security of bitcoin and hence they prefer gold rather than it.

Anyways, it is a major player who can give an impulse to neighbor countries to make a decision. Russia, for example, closely cooperates with China. Russian authorities, in particular, the Central Bank of Russia, make announcements on cryptocurrencies every day but the consensus has not been reached yet.

I am sensing that soon we can see the US government seriously looking at cryptocurrency with Bitcoin at the top for the purpose of regulating it. Personally, I am not against regulation if the main purpose is to make the field more fairer and to weed out corrupt and scammers within the industry (which is already happening right now) but it should not be aimed to kill or maimed what is being regulated. I am expecting that any move by the government has to be in consultation with the industry affected and they should not based anything on the media and those people who are anti-Bitcoin from the very beginning. The regulation of something should be done in an open environment with no vested interest making a stake above that of the whole industry like cryptocurrency. Under this kind of atmosphere, we should welcome a good-intention move for a clearer and broader regulatory framework for Bitcoin.

I believe that you need to invest some of the money into Bitcoin and some in the Ethereum. Both currencies have a growth prospect in price.

It will be illegal in Vietnam starting on January. There are a couple more countries that have already declared it illegal.

As things currently are, governments have no need to control Bitcoin. They only need to control the fiat being used to trade it, and they can do that effectively by monitoring and regulating businesses which accept Bitcoin and exchanges. They even get extra revenue this way. Countries that have banned or are pushing for a ban probably just don't want to go through the trouble of studying it, or can spare no resources for its regulation.

Let's not wish for any war. In Europe wars are not happening from a long time now and I hope the US stops invading other countries for their interests and not that they do give a damn about those countries. In case of a war we should save our bitcoins in a desktop wallet in a portable hard disk, we can keep them in the hardware wallet and hope to have them until the world ends.

A collapse from crypto themselves is highly unlikely as Bitcoin has demonstrated it has the capability of only increasing in value from January 2009 until now.

In case of an economic disaster we should hold them and do not do anything stupid to sell them undervalued.

They need to cope with that change, apparently, crying and blaming game is not the solution for their problem but rather shaping their system to fit with the current environment, as you can see they are now speculating too much and anticipating that the end of central banks is near, the solution here is to adapt the change and start creating new things that may save them.