2. Do you think governments can suppress and restrain the crypto market with their power?
This all depends on the kind of government we are dealing with. Under an authoritarian regime, everything can be done with a stroke of a pen or even a pronouncement without the benefit of any law passed by its own legislature. There are many governments right now who are looking at cryptocurrency as their enemy as we know that crypto can be an empowering tool...something some governments may not have a liking with.
This is the most important thing and I am really sad some don't get it nor the danger it comes with!
When we talk about a government not being friendly and not liking crypto or trying to ban it we must look at two things
- what kind of government is that, it's an elected government that might be replaced in two months, it's a government that is normally under supervision from the one leading the country but it's not a true authority much being done by the parliament or prime minister, or it's a government that's made just out of puppets who echo a true dictatorship that runs the country!
- second and more important, what is the government ready to do to enforce the ban? If they care about stopping it just like they care about speeding tickets or food safety nothing will happen, but if they see it as a threat or a thing against religion it might end with people getting sentenced to the firing squadron, and that will be different, way different, and I'm sure after the first mass execution 99.99% will suddenly forget you can't stop Bitcoin and forget also everything about crypto for their own safety!
Also, the ridiculous take on the success without realizing what this bull run was caused by!
It was caused by the EFT, it was a government action on greenlighting crypto, is someone here truly thinking we would have seen 72k if the SEC would have refused again all applications or if the US would have (knock on wood) banned crypto just as China did?