Part 6/11:

Ken emphasizes that unless regulators clamp down worldwide—likely through measures targeting money laundering, tax evasion, and transaction misuse—Bitcoin's utility as a transactional medium will remain limited. He envisages a future where Bitcoin could drop to around $100, asserting that even rogue nations or jurisdictions outside the global financial system may continue to accept Bitcoin, preventing it from wholly collapsing to zero.

Despite this, Ken believes that Bitcoin's intrinsic transaction use case may always be minimal, and regulation will be the ultimate trigger for significant price declines. Nonetheless, he notes that some nations—those outside the regulatory reach of Western powers—will likely continue to accept Bitcoin, preventing a total valuation collapse.