re: It’s time to revisit Bitcoin potential. Where do you think it’s going?

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I think it’s a losing fight. You gonna go around tearing down peoples houses to find a glorified flash drive? They don’t have the resources or ability to enforce anything like that at scale if there is a mainstream adoption of cryptos without taking out the entire internet; and personally I think there is and will be more than enough demand for cryptos even in a black market environment. The exchanges may have to move offshore or you’d need to use different exchanges to move from USD to crypto, but as long as the demand is there making it illegal may only serve to make it more valuable.

I don’t see how they could ever hope to stop peer to peer transactions at any level.

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What if banks/gov collectively refuse to convert crypto into fiat?

Crypto is exploding at the moment because there is a lot of cheap money out there and people don't have many options on where to put it. The same reason stocks have been going nuts.

If for whatever it becomes much more difficult to convert crypto into fiat currency then you could have a real problem on your hands.