Govt/TPTB do not want to stamp out BTC, rather, both have a desire to control it and develop further the blockchain tech. Every semi-enlightened idiot in the world learns to distrust others with money. rumours have it, that the IMF is seeking a tech for the new currency that will no doubt be fostered onto us all. In fact, we already have a USD/fiat crypto called Tether. I am sure there are many others.
For those already involved in the Crypto space, watch for a western version of the 100 flowers campaign.
Very interesting chart from someone on twitter called 'Plan B'. Link: https://twitter.com/100trillionUSD
Chart shows the last 3 bull runs and where we are now. Variables are very 'cryptic', but mining difficulty is related to price and is a fundamental metric. Is the next bull run about to start?
I would say we've been in a bull cycle since April of this year. Have just been in a consolidating pattern lately, gearing up for the next leg up. Just can't complain, $10,000 BTC looks like the new floor.