More and more, I hear skeptics and anti-Bitcoiners repeat the phrase "bubble" and that despite the successes and revolutionary tech, it will all end badly for both Bitcoin and it's holders/supporters. It's almost like the more Bitcoin succeeds and breaks record after record, the more these people feel the need to make themselves heard louder and louder ;)

https://www.rt.com/op-ed/519194-tesla-bitcoin-musk-risky/

This week again, we've reached a point where every single Bitcoin holder would have been in profit, if they didn't sell at a loss before the new all time high of 64000 Dollars was reached. But despite the record numbers, growing support and several ETF's, there are also signs of more and more private and government hostilities toward Bitcoin and the Crypto world. It's safe to say that we've reached a point where the more the Crypto world grows and attracts new people, the more of a threat it is to certain institutions and governments. It's not like the early 2012/4's anymore where Bitcoin, though then continuously increasing in support and price, was hardly noticed or even deemed a threat.

Let's face it, the likes of that Dimon or Schiff are not the issue, we've reached a point even where large online payment institutions and corporate banking are no longer a threat either, at least not on their own. The real and acute threat to Crypto comes from governments, and the reason we haven't yet seen radical laws against Bitcoin and thus keeping it alive and well in my opinion, is mainly thanks to it's pseudo-traceability which in combination of the blockchain data and IP addresses, can actually track individuals down. Over 2 years ago, France under Macron proposed to ban privacy coins all together, and Monero, Zcash, PIVX and Deep Onion were named specifically, and the worry regarding the combination of these Cryptos with a TOR browser was mentioned a well.

https://cointelegraph.com/news/french-financial-regulator-proposes-ban-on-anonymous-cryptocurrencies

Dutch exchanges were hit even before that, not allowing them to offer ZCASH or Monero, both privacy coins. Anyone with over 100 brain cells would've known that it would not end there, and surely enough last week, the Netherlands enforced more ludicrous rules regarding Crypto, if you haven't read about it in my posts a few days ago, have a read, it's worth knowing: https://www.publish0x.com/geo-political-economical-developments/netherlands-is-so-free-they-are-the-only-nation-in-all-of-eu-xmklrdk

China has already banned Bitcoin trading, and India is going even further than that, proposing laws that would make it illegal to own any Crypto all together.

https://finance.yahoo.com/news/india-proposes-ban-bitcoin-us-110019581.html

But can you ban electricity? Can you ban internet? Because that's what you'd need to ban Crypto all together. Sure, threatening heavy fines will scare many away from holding it, but as long as it exists it will never go away, it will just go underground, and precisely that is what they do not want Crypto to do. The fact that Bitcoin has proven itself and is growing ever more even here in 2021 has put governments around the world up for a choice; Either regulate it and learn to adapt and live with it (preferably by buying a few million Bitcoin ;) or declare it illegal for your citizens to be able to hold and trade it, and start a decentralized witch hunt. If the latter happens and for some reason countries around the world start spending billions in order to destroy Bitcoin mining and trading, it will indeed end in tears for the holders who will definitely feel the effects in the Bitcoin performance and price, but if first scenario prevails, people who supported and held Bitcoin for al these years will also be crying, only then from joy.