[dheera]

Shouldn't that be a reason to be bullish? Because if the governments step in and enact regulation against Bitcoin mining, that will increase its scarcity and therefore value.

Likewise, if you think fossil fuels will be scarce in the future, you can be bullish on the price of gas, but not bullish on things based on gas.

[aaaxyz]

The number of bitcoins available (disregarding lost/forgotten ones) is fixed at 21M, and the rate at which they are created is more or less constant (by design), so anti-mining regulations will not increase scarcity. If anything, restricting the network hash rate will make the network less secure and thus less valuable