Will Bitcoin be able to get to 100,000$ or it will decrease more?
This type of questions are roaming around almost everyone's mind who invest or willing to invest in Bitcoin. Doubts are getting stronger as some of Asian countries are banning Bitcoin and some others are planning to do the same as well.
One of my friends explained a reason he is assuming the main reason why many government authorities are opposing bitcoin.
His explanation: "The bitcoin or mostly other cryptocurrencies are an decentralised currencies where no banks are need cause everyone can have their own wallet and they can pay for anything straight from their wallet like people do in real world. So if this happens there won't be any banks in the middle and that will coast the government a fortune like for example: When people put their money on a bank account banks then invest that money and make profit and give a small amount of it in return like in India people gets 3% interest per annum on savings account from govt banks and banks use that money to give people loan on suppose 4% interest per month. So this way or other Government earns Billions which will all be gone if everyone starts using digital currencies. There are many other reasons but this is the main reason he assume."
I think his right.
What do you guys think?