The value of fiat money is derived from the relationship between supply and demand. Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics. But, some countries have stepped up by banning the use of bitcoin. As of now the U.S. has made localized attempts to regulate specific aspects of bitcoin. I think in NY businesses requires a BitLicense for bitcoin related activities. Keep in mind if you're familiar with the history of cryptocurrency its pioneering activities were involved with black markets. Most countries disfavor any low -regulated business especially when now that bitcoin’s value has spiked to unprecedented new heights, there are greater discussion than ever from governments around the world.