The regulations will surely come. However, the ability to hold a private wallet outside of a bank and transfer money to a point anywhere in the world, makes reg

The regulations will surely come. However, the ability to hold a private wallet outside of a bank and transfer money to a point anywhere in the world, makes regulations harder to police. Some wallets might be declared and known, others might exist anywhere in the world and be held by anybody. For a law-abiding citizen who trusts their government (the people you don't need to police), all will be (probably) declared. I expect different behaviour from a Russian holding money in a Cypriot bank or someone who pays taxes to a corrupt regime. Still, if someone is looking to preserve wealth, it would seem smarter to wait and see if and where the price stabilises. Or if governments slam the door shut on the currency.