Fortunately for bitcoin enthusiasts, experts believe that it is “unlikely” that the United States will meddle with the digital currency, per Newsweek. There are multiple reasons for the U.S. to steer clear of the crypto world. For starters, Wall Street has already embraced bitcoin, and it is even traded on the Chicago Mercantile Exchange. 

Moreover, government officials have a vested interest in keeping the U.S. dollar as the world’s reserve currency. If bitcoin were to grow in popularity and could not be exchanged to the dollar, it is likely that another currency from a more “welcoming” country would become the most used currency in the world.

Last but not least, it would be difficult for the American government to crack down on bitcoin even if it wanted to. Lawmakers would have to raise taxes on transactions using the cryptocurrency — but that in turn would likely drive investment away and end in a net loss for the Internal Revenue Service.

“The government doesn’t pose a threat to bitcoin,” explained Carlos Betancourt, who runs a digital asset hedge fund. “It will be around whether the government likes it or not as long as we have the Internet.”

“The global decentralized system simply cannot be stopped from encroaching the borders of any sovereign state,” he added. “The ultimate winners will be those countries that embrace and find ways to work with it.”