Will the Government Ban Bitcoin?

Banning Bitcoin does not work out well for authoritarian regimes.

Just look at when China issued a ban on Bitcoin mining in 2021:

The hashrate plummeted in the short term.

In the long term?

Hashrate hit an all-time high a year later as miners moved to more favorable jurisdictions.

China lost out on all the innovation benefits that could have been reaped.

This is game theory. Governments start to realize if they are not competing in the Bitcoin arms race, they are losing.

Countries that embrace Bitcoin can benefit economically by becoming hubs for cutting edge technology, attracting talent, capital, and entrepreneurship

Also, the government can only do so much to attack Bitcoin, and in most cases, hostility induces even more internal conflict.