The one issue Bitcoin boosters will never ever address is the possibility of government regulation and what that will do to their "to the moon" trajectory.

The evil overlord agencies have yet to really put their foot down in the activities in the crypto space. In this day and age of budgetary shortfalls and ever increasing expenditures, do you really think they are just going to turn a blind eye to an asset that is trading outside their control?

But, "Bitcoin is Decentralized", "It's not just in one country, it's worldwide", "Bitcoin can't be controlled". I've heard all these arguments before. But, in the end, Bitcoins are useless if they cannot be converted into a local currency.

And, that is the choke point. Uncle Sam and his never ending string of alphabet agencies does not need to control Bitcoin, it only needs to control the conversion points. When that happens, Bitcoin $10K becomes Bitcoin $10.

Look at Amazon. Look how fast they caved to the States demanding they collect state sales tax. These states are all scrounging for revenue because of their rampant spending. When they figured out the they were losing revenue because the giant Amazon was beating the competition because you could by items state-tax free, they came after Amazon with a vengeance. In the end, Amazon caved.

Do you really think Coinbase or Poloniex will be any different???

Jamie Dimond says bad things about Bitcoin and it drops 20%. What do you think will happen when the IRS speaks up?