GOLD shall destroy FED.
(media.greatawakening.win)
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Agreed, except for your last point..
Sure you can't ban bitcoin between private individuals, but you could ban it from open retail markets. If no companies are allowed to use bitcoin, then your only option is to go somewhere where you can trade bitcoin for whatever fiat in order to actually buy something. If you also make places like that illegal, how would you ever spend it? (I don't think that will happen btw, just think it is in the realm of possibility for governments to affectively "ban" it)
You can make it really difficult to use Bitcoin of course. And in a modern country with a good enough local currency, a Bitcoin ban would be bad.
But if you take the example of some countries (with very high inflation for instance) banning the USD, then people in those countries will not stop trading USD on street corners. When the allowed currency in a country is sufficiently shit, people will not care about what the government says.
This is where businesses need to disregard their government. But i beleive We will have a government that will allow crypto.
It's simply hasn't become viable yet and remains to be seen if any current crypto will be converted.