You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
Everything we do in life requires privacy, including Bitcoin investment. There is no doubt that some government officials invest in Bitcoin, but what is the point of publicizing it? Governments will publicly announce to their citizens if they use government funds to invest in Bitcoin, as El Salvador did, in order to be transparent to all of their citizens, which is the best way to avoid any problems. 
Topic: Am I right or wrong - page 2. (Read 729 times)
We don’t know how many government personnel has bought bitcoin yet. But I think it’s correct to think that some of the government personal has bought bitcoin and there was a mayor in US that promotes Bitcoin that’s to say there are some of them who actually believe in Bitcoin.
But still I my opinion the strong rival Bitcoin face now is the government and i understand it’s because of the decentralization of Crypto-currency, I hope the join in the adoption also.
But still I my opinion the strong rival Bitcoin face now is the government and i understand it’s because of the decentralization of Crypto-currency, I hope the join in the adoption also.
It is not clear what you are referring to when you mention "our government" and how it relates to Bitcoin. Governments around the world have varying attitudes towards Bitcoin and other cryptocurrencies, with some actively supporting their use and others taking a more cautious approach.
In general, governments are interested in cryptocurrencies because they have the potential to disrupt the traditional financial system, and many are looking into ways to regulate and oversee their use. However, it is not accurate to say that governments are buying Bitcoin in order to gain control over it or to "join" the network. Governments have many different tools and methods for regulating and overseeing the financial system, and buying Bitcoin is not necessarily one of them.
In general, governments are interested in cryptocurrencies because they have the potential to disrupt the traditional financial system, and many are looking into ways to regulate and oversee their use. However, it is not accurate to say that governments are buying Bitcoin in order to gain control over it or to "join" the network. Governments have many different tools and methods for regulating and overseeing the financial system, and buying Bitcoin is not necessarily one of them.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
Yes.. is true that Government have no control over Bitcoin, but that doesn't mean is enough reason or fact that since they can't control it, the only way is to get involved, because to me, buying Bitcoin is a personal decision, of which there are some government officials who are buying it (i.e those who believe in Bitcoin as the currency of the future). But that is not enough reason to generalized such statement, that for the fact that they can't control it, they are buying it. You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
Bitcoin really cannot be controlled by anyone and nowadays if we look at many governments that have regulated bitcoin exchanges they have even passed laws aimed at restricting bitcoin users in different countries because they realized that there is no power to stop the adoption of bitcoin which is increasing every year, for governments that view bitcoin from a positive side and believe that bitcoin can help improve the economy in their country, then of course they will also adopt bitcoin as was done by the government of El Salvador and legalize bitcoin in that country and for those who view bitcoin from the negative side it will continue to try to stop bitcoin. You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
Definitely people and government will join the moving train and one thing is certain that government will never take down Bitcoin but rather join us in the future.You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
I'm very new over here and hope I'm welcomed.
They buy bitcoins secretly. Bitcoin is already a world asset, regardless of their attitude.
I agree with you that the government are secretly buying BTC individually, since they also know the benefits of BTC and want to save in crypto. Some government don't want to accept BTC because they want to control the economy and be able to track every transactions that looks suspicious in other for them to take full control of citizens financial lives.FTX was used to move government funds and bank funds,so I believe that deep down in them they are in the cryptospace.
When you talking of government is just like you and i, they are also human as well so if they can't change beat they danced to the tune of the music.
Naturally there are investors who may not want to reveal their identity but are secretly holding bitcoin, bear with me that bitcoin is open for everyone to acquire it doesn't look at anyone or government or even any agencies. So when they tried to strike and found out that the forces backing bitcoin are more to be just what they merely looking at they will have no options than to buy and follow the trend. So bitcoin has already achieved its goals only to be globally acceptable.
Naturally there are investors who may not want to reveal their identity but are secretly holding bitcoin, bear with me that bitcoin is open for everyone to acquire it doesn't look at anyone or government or even any agencies. So when they tried to strike and found out that the forces backing bitcoin are more to be just what they merely looking at they will have no options than to buy and follow the trend. So bitcoin has already achieved its goals only to be globally acceptable.
Right now many governments want to join the crypto world and want to adopt it on a large scale because they can't beat Bitcoin for real, they can only scream, Slowly Bitcoin has become a real target for the government in investment & trade, in the future of course they will join and declare Bitcoin legitimate as a digital currency for investment and trading tools.
I wouldn't go as far as saying many countries are itching to join the cryptocurrency industry or that they want to adopt Bitcoin so bad, if they wanted to then they prolly should have done that a long time ago. When you say they (governments) can't beat Bitcoin, you have to understand that it depends on your own definition of "beat", definitely there is no chance in hell that governments can completely ban Bitcoin worldwide, but a specific government can ban Bitcoin in her country and make it illegal, they can regulate it sternly, control centralized exchanges and stop their banks from processing transactions from crypto exchanges.Having said that, if we are tbh, too many governments aren't interested in Bitcoin just yet, the decentralized nature of Bitcoin makes it unattractive to them, it would be difficult for many governments to make something that they can't control a legal tender, thus it might take quite a long time for mass adoption to happen.
Yes there is an element of truth. The governments that have not join bitcoin will definitely join bitcoin later, because those governments, Central African Republic and El Salvador will do well with bitcoin after the dip. The popular saying from the OP is the truth. Apart from El Salvador and Central African Republic there are other countries' governments that are buying bitcoin secretly. They will come up when they stored enough to execute their projects. The developing countries would have used this opportunity to store bitcoin and use it when it is bullish.
Many countries are investing in bitcoin and this is not always a secret investment. Some have already been able to understand the benefits of investing in bitcoin, some have yet to do that, but definitely those who were the first on this path have already been able to gain an advantage and their benefits will only increase as the price of bitcoin rises. This is an irreversible process, but we may need some more time for as many countries as possible to approve and legalize bitcoin. 
Yes there is an element of truth. The governments that have not join bitcoin will definitely join bitcoin later, because those governments, Central African Republic and El Salvador will do well with bitcoin after the dip. The popular saying from the OP is the truth. Apart from El Salvador and Central African Republic there are other countries' governments that are buying bitcoin secretly. They will come up when they stored enough to execute their projects. The developing countries would have used this opportunity to store bitcoin and use it when it is bullish.
There are currently only two states that recognize bitcoin as legal tender. They are Central African Republic and El Salvador. El Salvador has been very open about buying bitcoins. Like China, some governments have also outlawed bitcoin. However, the majority of states, particularly developed ones, have given up fighting bitcoin. They are now anticipating additional regulations. Some states have redesigned bitcoin and are creating their very own centralized digital currencies, or CBDC, as they are more commonly known.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
Fact, many countries want to control Bitcoin and there are governments who want to destroy Bitcoin, it's all in vain, they really can't do it just to threaten, but they can't do it.Right now many governments want to join the crypto world and want to adopt it on a large scale because they can't beat Bitcoin for real, they can only scream, Slowly Bitcoin has become a real target for the government in investment & trade, in the future of course they will join and declare Bitcoin legitimate as a digital currency for investment and trading tools.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
This is not about not being able to beat them because the government can not crack down on the blockchain technology, this is a fact in the surface of the earth. If they are chasing bitcoin, they are only chasing the shodows because nothing will come out of such. Bitcoin is now more than a dacade old and I'm sure this is out of the reach of government.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
You're right to a certain extent, alot of them secretly have investment with bitcoin unknowingly to the public uet they were the once hammering regulations, this is an individual choice and they feels more secure to invest with bitcoin in hige amount that could also yield them alot of returns over time, governments itself make use of the blockchain technology to secure their data and other valuable informations ever since they realize the difference between centralized cloud storage industries and a decentralized blockchain technology.
(....)
That sentence is very firm IMO. who can resist the temptation to buy bitcoins when having a large amount of money, the government must buy bitcoin with various purposes - some aim to manipulate the crypto market - invest - and others. I hope that government will not do some market manipulation just for their own good. Being strict or having regulations on cryptocurrency is already good if that's the only thing they can do for now on cryptocurrency.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
A perfect example of this matter is EL Salvador. The government clearly invests in Bitcoin, even the president becomes the promotor. Previously, I heard an issue that other countries may follow it, too. Unfortunately, I never heard the issue anymore during the huge decrease in BTC value currently. I assume other countries think El Salvador has failed in BTC investment.You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
To be honest, I don't want the government to join BTC investment. They will use their power to influence BTC price movement.
Also, I can't imagine if many governments in the world are investing in BTC, they may use BTC as a political tool to achieve their own purpose.
At the end of the day, BTC can't achieve what Satoshi wants, it is probably used in the wrong way.
Governments don't need to buy or join any of the Bitcoin movement because they can just regulate them.
Government can't regulate BTC, they only can regulate its legality, CEXs, or crypto taxes.BTC is always decentralized, no one and no institution regulates/controls BTC movements.
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
That sentence is very firm IMO. who can resist the temptation to buy bitcoins when having a large amount of money, the government must buy bitcoin with various purposes - some aim to manipulate the crypto market - invest - and others. You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
It is unlikely that governments will do this because it is also not in their interest. Why would they?
Governments will not buy an asset that can be devalued by their actions. They will always have the upper hand because they can print as much money as they want. What this means is that any "central bank digital currency" will be less of a threat to Bitcoin's dominance than most expect.
Governments will not buy an asset that can be devalued by their actions. They will always have the upper hand because they can print as much money as they want. What this means is that any "central bank digital currency" will be less of a threat to Bitcoin's dominance than most expect.
Jump to: