Topic: Am I right or wrong (Read 704 times)

Associating BTC with the government system will never find a breaking point for either, this kind of situation will only continue to make both of them worse, my point goes without saying that BTC intends to defeat the government system. Education like this only makes BTC continue to be talked about negatively. Stop spreading news and assumptions like this, as it will further worsen the understanding of new people.

What percentage of governments disapprove of bitcoin and how certain are they not buying it. Some countries have banned bitcoins, but have not stopped their passage either, and some countries have accepted bitcoins as a legal currency such as El Salvador and some only accept partial investments. This diversity has not found a final point, so providing excessive discussion space will not help either.

While governments can regulate existing exchange platforms in their countries and set tax standards for those exchange platforms, that is exactly what they are doing now.

The government cannot control Bitcoin but can regulate the existence of Bitcoin in their country, many countries have established Bitcoin as a commodity that can be traded on futures exchanges. The government only allows Bitcoin to be used as an investment tool that trades on futures exchanges, not as a legal tender because Fiat money is the only legal tender used in a country. The reason the government can't control Bitcoin is because the price can rise sharply and then suddenly drop, creating uncertainty.

On a first note, the government is not just an individual. It is a collection of people who run and control the affairs of a country. Perhaps persons who are in positions of government are the ones who purchase or use cryptocurrency like OP meant.
The truth is it cannot be stopped from existing, should the government even try out ways to stop its citizens from using it, it will find a way to be the solution for transactions and commerce when fiat fails or disappoints.

The government doesn't have to go to the opposite of Bitcoin, and it doesn't have to be an enemy. If you can't stop the development of Bitcoin, then you will come up with measures to regulate it. Without the ability to supervise, we can only ban it completely. The vast majority of people invest in Bitcoin, but some bad people use Bitcoin to do bad things, which increases the difficulty of the government's law enforcement. In desperation, Bitcoin can only be banned.

I don't think governments have done all they can to beat Bitcoin. While its legal status around the world is different in every jurisdiction, they are currently doing all they can to control Bitcoin at the legal level while using their corporate arms (big banks and other financial institutions) to suppress the price while simultaneously deploying hashpower to break the will of the decentralized pleb miners.

Next will come CBDC along with these "attacks" that we have seen on the power grid lately
- One in Washington: https://www.nbcnews.com/news/us-news/three-substations-attacked-washington-state-rcna63214
- another recently in Florida: https://www.newsnationnow.com/us-news/power-grid-attacks/report-shows-intrusions-at-6-power-stations-in-florida/
- Cyber attacks on the grid: https://www.wired.com/story/attacks-us-electrical-grid-security-roundup/

As the grid continues to come under these "terrorist" attacks, the government and their mainstream media arm will blame bitcoin miners for putting unnecessary and additional strain on the grid that is already under attack by causing blackouts, etc. Mining will be considered aiding these terrorist attacks or some such nonsense.

This will also come along with all of the other climate change FUD.

On a side note, the DOJ is probably already the single largest hodler of Bitcoin in the word after their recent seizures: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction

The powers that be have not yet begun to fight. They are trying to control it with their existing tools first and will slowly ramp up their efforts as needed. They will exert the minimal amount of energy to attack and control Bitcoin before they even think of actually acquiring any bitcoin.

The best thing you can do is to prepare for the future is to stack private sats, self-custody, run your own node, CoinJoin, and HODL for the very rough years to come.

Best of luck, plebs.

Who are the governments? Are they not people like us? Regulation isn't working right now as we speak and the only way the government can benefit the most out of crypto is doing something bad to bring the price down and buy a lot of it, behind the close door those governments are not 100% pure, they are investors themselves, believe it or not.

As centralised as the banks are, in my country bankers are buying Bitcoin, even when they put a ban on it and start blocking any bank accounts purchasing Bitcoin.

No government will want to take care of Satoshi instead they'll want to kill him and try to get control of the power he has now and I guess Satoshi himself anticipated all this that's why he went into hiding. Bitcoin is a threat to the fiat system as if the whole world get to understand the freedom that comes from using Bitcoin, I doubt fiat will survive another decade.

I don't think the government generally will adopt Bitcoin as a means of payment instead they'll create their own currency which they're already doing with the introduction of CBDC. Government like Nigeria has already introduced the use of Enaira which they claim is better than Bitcoin and advise their citizen to use it instead of cryptocurency, if they record a success I believe other countries will follow.

No government has seriously fought with bitcoin yet, with the exception of China. Therefore, one more possible scenario should be considered, as a ban bitcoin. This can happen gradually, significantly reducing the number of centralized exchanges on which BTC is traded and up to a complete ban in various countries.

We know that bitcoin is decentralized so the government cannot do anything with that just to regulate only like having a limitation and documentation if the person getting questions with its asset came from cryptocurrency but sooner or later some organizations and companies slowly applying this crypto as their mode of transactions merely with the payment, also with the blockchain technology it is easier to check if the transaction is already committed or not. Still, an option if they will use bitcoin as one of the modes of payment or not but I don't know yet if they need to file a paper for the SEC for adopting the use of it.

The government cannot defeat Bitcoin, some countries have issued a ban on Bitcoin being used as a means of transaction. However, the government can take advantage of Bitcoin, some countries have given permission to the exchange platform as a transaction medium for Bitcoin and other crypto assets. The government can collect taxes for every transaction, this advantage will continue to be used by governments that have not joined bitcoin or are still unsure because the presence of Bitcoin can threaten the existence of the value of fiat money.
In general, the government still cannot accept the presence of Bitcoin for various reasons, but every individual who works in the government has put some of their money in bitcoin because they really understand the benefits that Bitcoin provides.

Well, that government hasn't issued a statement that they have been buying bitcoins for some time before the public, I don't know why.
But if the government finally wants to be honest with the public that they have bought bitcoin before and are still saving it now, it will give new hope to the public that they can also start buying bitcoin like their government.
Hopefully, it's not too late to start buying bitcoin.
It is only a matter of time until we really see how bitcoin grows and we still have time to buy more before the price starts a new rally.
After the bitcoin price starts to increase, those who provide support for bitcoin will show themselves to the public to give the public confidence to support it.

Possibly but, am yet to see a government that would come out to lay claims to some hodlings except for nations that have fully legalised bitcoin for a legal tender like El-salvador and they continue to increase there crypto portfolio or hodlings up to this moment.
Hopefully, thy light be able to pull this off and continue to hodl until the bull market comes around for a boom. It would be a big boost to there economy for sure.
It would be really a wise choice for other governments of the world to take a page out of the El-salvador scheme and have some hodlings in bitcoin. It's had for them though as, the yet not believe and still seeks means to its end. We still watching how that is coming.

The government has also bought bitcoins, but secretly because some parties from the government have not agreed 100% with the existence of bitcoins.
But the governments that buy bitcoin see the power of bitcoin itself and try to follow suit before it's too late.
They are the ones who can open themselves up to new things that are happening, which can later be of benefit to the public and themselves.
It also happens with people who live in countries that haven't fully legalized bitcoin but they still buy bitcoin because bitcoin has proven that bitcoin is worth owning.

I will suggest all government should just joined Bitcoin because it's the best, and I just keep thanking God for the knowledge and wisdom that he gave to Satoshi about Bitcoin, the government have to personally take care of Satoshi because he is a king, one man's hearts changes the world i just keep imagining how life would have been without Bitcoin, because it has helped alot of people from trash to a better standard of living

So you mean that if you get in trouble with the bad guys and can't beat them, then you have to join and be like them as well?

No, some countries are banning crypto yet their people are still investing. Bitcoin is not controlled by the government, they might have some reason to regulate it but not to stop and remove the right of the people to invest. If we go along with the idea od our leaders regarding crypto, not way they can understand how it works and the benefits we get.
Those who understand will invest in crypto but those who remain close-minded, they always on the negative side.

the government will not let the banking system collapse because the government can fully control it. whereas bitcoin is not fully regulated although they intend to start to regulate it. a clear example of a rule being blinded by the government is the imposition of taxes on a centralized stock exchange which of course will increase fees for every transaction made. The crypto market also provides income to the government and it continues to do so. Regardless of the pros and cons of using crypto, the government will provide regulations according to what they want and also adjust how much public interest is in crypto.

Despite that some of them disagree, they freestyly buy it and hold it because they don't want to miss the cool gains in the crypto market. Some governments does disagree but despite the refuseness, they individually go behind back to buy and hold since the same governments doesn't legalize or ban it, the faith of the market worldwide had different speculations, buy yours and hold.

If government want still they can't because we know that in every country there are strong banking network which hold everything, so these banking mafia will not allow any country government to take step like regulating Bitcoin. Because if government regulate Bitcoin then the banking system will just like collapse and there will be no value of bank, because Bitcoin will make people independent from bank and every person will have all of Thier fund in Thier phone and they have full control on Thier funds..

Bitcoin is totally decentralized and has provisions for privacy. This means that with right usage anyone can own Bitcoin without being traced. Even the known enemies of bitcoin can also be bitcoiners, that is why I am so convinced that no government can win the war against bitcoin in as much as there won't be any central government controlling the whole world.
When one government is opposing bitcoin, the other is supporting it. When one government is banning bitcoin, the other is buying bitcoin.
Bitcoin is not only a currency, it is an epitome of freedom and weapon to fight centralization. Maybe the true usefulness of bitcoin is yet to be discovered.

This will commonly happpen if we have no option anymore, deciding which is better, taking the best decision among the worst condition. Hard enough, but sometimes, this may be a good choice for certain condition. Except that someone that are only super idealist ..

Related to Bitcoin and goverment, I think that both take second condition. I mean that taking the middle way for the good of both parties. Bitcoin is decentralized, but government is always centralized. On the other hand, I don't believe that none of the people in government are involved in the crypto world. Most countries will allow Bitcoin but also with regulatory overarching rules, including regarding exchanges.

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.

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.

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.

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.

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.

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.
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.

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.

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.

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.

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.

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.

You got a point here, but the government for sure is extremely hard on cryptocurrency because they know that they can't control Bitcoin, they will stick sure on banks which is extremely awful and that's what a lot of purposes why Bitcoin is existing, solving the current problem on traditional banking/finance.
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.

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.

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.

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.

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. 

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.

Of course that's the saying, if you cant beat them, you join them but, don't you think that applies when it's already overwhelming?
Bitcoin is far from anything overwhelming at the moment with the adoption still at an all time low.

I like to think that, Government and its officials still believes they could end the advent of cryptocurrencies and with them yet to exhaust there schemes, its hard to join them. Join them goes for the majority and crypto investors are still the minority right now.

It would be wise for them non the less yo recognise the changing times and join us!

Bitcoin is not going anywhere soon and its open to anyone and any government that wants to join it. Government in many countries have banned the use of bitcoin and said its country doesn't want anything to do with bitcoin e.g china etc..

But this decision are now been changed as most government see it as lucrative means and most of them tend in even tasking in all bitcoin transaction in the country. Some people
in the government actually have alot of bitcoin there are controlling.

Bitcoin in my country was proclaimed an outlaw currency that any fiat account that has any thing to do with it will be banned. After the government gave this information they were expecting people to be in fear and run back to their fiat but instead the trading of bitcoin even got more intense and more people started their bitcoin on exchange platform like binace through peer to peer transaction.

Government is a fixed word that will always be there and used to refer to people that are in power, these people who are in the government are not the same, always changing, and apart from the established general opinion most of the government have concerning bitcoins, they have their own personal opinions that do not always align with the opinion established by the government they work under. There is every possibility that people in government while affirming the general government stance on bitcoins, quietly have done their research and know that bitcoin is good and what they should find a way to get.

Yes I think you are right.
But maybe I think that what the government is doing more precisely is to try to regulate, not just to join.

Because in my opinion regulate and joining are very different things.
Joining in my opinion is if they are active and accept whatever is in that thing in this case "cryptocurrency" without controlling the circulation of cryptocurrency.
While regulating is that they want to do or control something in this case "cryptocurrency" in accordance with the laws and regulations in their country.

In a country, the government does have a responsibility and an important role to regulate all forms of developing economic transactions.
They must regulate any economic transactions involving their citizens, to prevent abuse in these activities.
Because if there is misuse of course there will be many impacts received and maybe it will be detrimental to the country itself.

I mean Bitcoin can be bought by anyone anyway. Even rich dudes in the internet are still buying it even if they're rich enough to do another investment. Surely these government entities are buying it behind the media and not a single soul can do know nor do anything about it. Here in my country, there are government entities regulating the usage of crypto when used via crypto apps or web wallets through KYC requirements which is really annoying on my own end. I am sure most of them also holds crypto anyway in the end.

But of course, the two-faced hypocrites are insidiously buying it. They may not come to the open to do it, either as a government body or as their individual officials. At the peak of Bitcoin ban in my country, one of the top government officials (the Attorney General of my country) was caught using a Kucoin exchange. There is much pretence with what people are in public and what they truly are in their private chambers. So, take advantage of this period and DCA on Bitcoin now. Tomorrow may not present us an opportunity.

Btc has in the past conquered all odds put towards eliminating it by any government and they could see the level of fairness and equality it offers to all involved in it . The government may pretend not to be involved in crypto investment but there's a possibility of their official secretly participating in the business. The concern of government over cryptocurrency is the lack of control they want to have over it which is not possible cause the uniqueness of cryptocurrency is the decentralization it enjoys.
In my country in the past years the government placed a ban on cryptocurrency operations, blocking all means of involvement by the citizens, but as it stands there is news going round about them putting plans on ground  to accept it and only place tax on it operations. So it's just an issue of time, many government will eventually accept the operations of cryptocurrency.

To me, because Bitcoin is a decentralized organization, the government can only regulate it if they want to live in peace with their citizens as this is going to be difficult to stop. My suggestion to the government is to find a way to make it official and they can generate funds from it by including vat for every purchase or Bitcoin transaction. Thank you...

Government employees are definitely joining it. Even though there are hindrances or opposition on the side of Government. Majority of the people inside are probably buying bitcoin and crypto since they are also human who are looking for side hustle and good investment. Many of my colleagues in the industry are also joining the wagon and asking me of some of my idea about crypto even though they knew that this is a risky and not supported at all by the government.

Idk about government (s) themselves, but government employees are likely into it, especially from corrupt nations.

Except for El Salvador that made Bitcoin a legal tender, there is no other country patronizing bitcoin. While persons holding public offices may be buying bitcoins for themselves,  that doesn’t mean the government is buying bitcoin, it just means more people are buying,
 There are lot more options on the table, for one they can ban p2p transactions, ban bitcoin mining and also go hard on crypto exchanges with strict regulations. The government isn’t a body that can be cornered easily to do something that’s is not in their economical interest

Government is only a name that covering some people like a coverage and the people on that covering are individuals who having five sense organs and like you and like me they also invest in bitcoin. This is sure that government try to stop bitcoin but can't because it can't be monitored. The government officials know and they are wise to invest with public money.

Those in power are only trying to echo their fear of losing control of the people with the decentralisation Bitcoin has using their office as officials to express it. But in their homes they buy as much has the can just like you and i. Now the price is down don't be surprise if the most strict government official bought enough that will serve as a financial protection for their children and beyond. The wise do what is right after all it is a decentralised asset.

They have some other options;

• They can try to replicate the network by creating CBDCs which function on the blockchain, but this would not be a popular alternative,
• They can regulate its usage within the country and place heavy taxations on Bitcoin related transactions,
• They can outrightly ban the network and make it illegal to use,
• They can try to benefit of the surge of the network and become more Bitcoin friendly to attract developers and investors alike.

They could do any of this while buying Bitcoin, and neither of it really matters as it's not in our control how the government reacts. What's in your control is how you store your bitcoins that no government would be able to control.

I don't think the government are directly buying Bitcoin although they hold a very large amounts in seized assets (Bitcoin and probably other cryptocurrency).


We're yet to get to that stage when the government will be scared of Bitcoin to the extend that they'll start trying to buy out the Bitcoin in existence. Now there are still some doubts by the government that Bitcoin can achieve what it claims to be targeting which is the total decentralized of finances.

Governments know they can't control Bitcoin so the next best thing they figure is to contain it.  They will try to contain it by buying some up and also via regulations.

Exchanges like FTX are the reason why gov agencies are lobbying for control.

Too much freedom, too many scams. Then those victims cry foul and beg for those criminals to be arrested. And that involves the authorities.

Honestly it's not always a bad thing. I mean if you have nothing to hide, why be scared of the government? Just declare your assets and you'll be fine.

The government doesn't really need to stop Bitcoin; in our technological world today, we've got a Grand rule, which is: you can't destroy what you cannot create. Ethical hackers are tryna bypass 'em limits but it's somewhat hard and almost impossible.
The government isn't in control of Bitcoin. AFAIK,since BTC ain't a "medium of exchange", alot of Bitcoin's transaction - most especially in p2p - will have a user paid in FIAT, cash, bucks etc....this invariably means that this two are working in concordance, until whenever. For now, Bitcoin serves as a store of value which, I guess is ONE of the reasons for it's volatility.

Sandra 🧑

Don't be surprise that most people in government agencies are buying bitcoin, I know some people that are in government office which are asking me to teach them about bitcoin and cryptocurrency in general, some of them are holding bitcoin and some are ready to invest in bitcoin.
The government knows the truth but I don't know why they don't really want to join bitcoin, maybe it's because they don't have control over bitcoin that's why they are against it, they want a currency that they can control but they can't control bitcoin. The only thing I know is that with time the government won't have choice than to accept bitcoin, they have done different things just to kill bitcoin but all are always in vain, so they will accept bitcoin but it might take time before they will accept it.

Yeah, most likely.

They can't stop bitcoin but they can regulate the usage of it and the licenses that can be applied to them by those businesses that has a sole focused for bitcoin.

But it's not all about the power of the people and what bitcoin has but the potential of it on how valuable it will be in the near future. As they understand that it has a finite supply and demand of it will be greater so, that's where they're capitalizing it.

That's somewhat right, but as you've seen, in any country, government's regulations do the thing, instead of buying literally. And crypto regulations is a double edge sword, while it's somewhat good for the community instead of banning crypto in specific country, it also a risk for decentralization where we are already in era of KYC—normalizing KYC.

if the government wants to ban it, of course, the government must provide another solution regarding the use of Bitcoin. what is becoming difficult for the government to control is the Bitcoin market which is already very large at this time. so what they can do is regulate the existing exchange platform in their country. That's what happened today.

Governments don't need to buy or join any of the Bitcoin movement because they can just regulate them. That's what many countries have been doing as of late. The legality of BTC as a country's legal tender remains negative BUT transactions over centralized exchanges and other platforms offering crypto custodial services are highly regulated and are subjected to taxes.

You're right
And since they can't beat Bitcoin, they have now decided to fall back to Bitcoin and join the winning train.
Most government officials posses alot of Bitcoin secretly and there are more news of country's adoption to Bitcoin in recent times which is a positive prove of the the acceptance of Bitcoin.
Bitcoin despite struggling to be a global legal tender, there are so many other businesses who also accept Bitcoin and other cryptos as a means of payment.
So you're right and the situation with government and Bitcoin can also be associated with tye saying that if you can't beat them, join 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?