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RE: Crypto Current Affairs—Swiss Govt Developing Crypto Legal Framework + BTCC Boss Wants Bitcoin Regulated in China!
This is why other coins have been created, so if governments move in on Bitcoin and "kill" it with centralisation, there will be plenty of others to step up and take its place.
But having the status of mother currency is a serious matter. If goverment, say for example, 'kill' bitcoin, then this will seriously affect the price of other coins as well. They can go in a steep downtrend. @leoplaw
That is assuming Bitcoin remains king of the cryptocurrencies. We cannot assume this will always be the case. That is why people diversify.
But for sometime, Bitcoin will remain the king of all the cryptocurrencies. Also it has the highest market capital as per now. Let's see what happens after this Segwit hype.
Agreed! Wait and see. HODL