Will increased global regulation have a significant impact on Bitcoin?

Currently, with the strengthening of global supervision, Bitcoin has fallen again, from $12,000 to $9,500. Many friends say that with the strengthening of supervision, Bitcoin may tend to 0 in the future. As for this question, I guess it will not.

First, blockchain essentially needs to serve the real economy and bring more convenience, openness, and transparency to society in order to reduce the chances of crime. However, the blockchain industry is currently rife with scams, various defaults, scams, coin thefts, etc. It is difficult for ordinary people to identify truly promising projects. Even if they can identify them, there is a high possibility that they will be scammed.

Second, blockchain has currently become a protective umbrella for tax evasion and dark funds to a large extent. Only the address of one coin holder is known, and other information is difficult for regulators to discover, which often increases the difficulty of supervision.

Third, the blockchain world is divided into two factions, currently the chain circle and the currency circle. The chain circle is actually promoted by some big companies, such as Alibaba, Tencent, Google, etc. These big companies have developed various scenarios to help blockchain empower the real economy, but it is really difficult for ordinary people to get involved. The other faction is the currency circle, which is a bit messy (it can’t be said to be messy, it can be described as a mixed bag), of course there are some good projects and very successful applications in it to help society become more convenient. For example, Ethereum, Polkadot, filcoin, etc., they are also completely empowering and technologically advanced, and the threshold for ordinary people to participate is relatively low, but ordinary people need to pay tuition to a large extent after entering.

The above three points describe the current development status of blockchain. I believe that with the strengthening of supervision, it will be conducive to the more vigorous development of the blockchain industry. It will also be conducive to the amplification of high-quality projects, the suppression of basic scams, and the retention of real projects. This is true for both the chain circle and the currency circle. Therefore, I believe that the strengthening of blockchain supervision will more actively promote high-quality projects such as Bitcoin.

The future is promising

As blockchain technology becomes more mature, the importance of standardization, regularization, and open source will become increasingly prominent. For example, there are so many companies researching blockchain now. If blockchain is mature and standardized in the future, it can be produced and used, and there is no need for everyone to research it. (New Opportunities in Blockchain)