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Bitcoin's use as a way of bypassing currency controls is one of the best arguments against it, because governments, already prone to suspicion towards anything that might upset their monetary policy, will have no quarter towards anything that upsets their laws.

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That, and folks like Elon Musk perpetrating blatant Pump 'n Dump Schemes[1].

Eventually it'll be regulated after a bunch of opportunistic "investors" get hosed - which ironically, will make the dump even worse.

[1] https://www.valuethemarkets.com/2021/02/09/if-dogecoin-is-a-...

The dump doesn't seem to have happened yet, though. DOGE has stabilized at about $.07, down from ~$.08.

That's just not true. Every Bitcoin transaction is conserved in the blockchain, so a government can easily reconstruct the money flow.

And the transactions made on the exchange ? and decentralized exchange ? Can they all be tracked and reconstructed ?

BTC is not anonymous. In theory, it is possible to track all the transactions. That the main reason why others crypto like Monero or Dash had emerged

Pretty sure exchanges need to follow KYC laws.

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