I doubt it will get banned in a direct way as it's hard (or impossible to do) but they can make it difficult or illegal.Banning commodities does not work in the real world. There are countless examples. Without going in too deep, dolar blue in Argentina is an example.
Binance came way after Bitcoin, it would not mark the end of Bitcoin. However, that threat seems to have died down right now, same with tether. But if it is to happen in the future, it would be the next capitulation event. Maybe due in the next downturn, 2025+
Binance came after but it's market share is huge and if it goes down it will have such a huge and long lasting impact on the whole market. (hopefully that will not happen). Many ppl have already got burned (by Luna, FTX etc) and will never go back to Crypto and these are the early adopters and tech savvy people.
My point was, that historically speaking Bitcoin has more chances to fail than a company like KO.No, low probability.
It's company that's around for a 100 years or so, and whole world knows it ad uses it (and it's market cap is about 50% lower than Bitcoin's).
You're right - Bitcoin can't go bankrupt - but there are other threats.
So the risk is high but the reward can also be high.
NOTE:
I own both crypto and stocks.
I'm in crypto for a long time and I started mining Bitcoin when it showed up and when it's price was $2 and I had to store the whole blockchain on my computer to use a wallet etc.