Topic: Gov'ts and Institutions buying up Bitcoin - page 2. (Read 509 times)
Bitcoin is cryptocurrency that is acceptable across the nation which has been centralized as a digital currency, hence, is a good idea for this two set of organization to come in into the system, Having say that, bitcoin is more useful in the future to invest.
I think government and institutions don't want the public to know how much coins they are buying and I'm not surprised at all. After all, bitcoin has been made available to everyone and anyone can purchase this anytime.
I think that large investors and companies buy cryptocurrencies, they just do not publicize this.
But we could never know unless there would be a solid proof on it.
Who knows maybe some of them might have been playing or trading for a long time now.
If indeed governments are secretly buying up Bitcoin, those would have to be the ones far below in transparency index rankings. Saying it as any nation committed to transparency would at least inform taxpayers of such moves, however subtly or whichever surreptitious form.
Unless you're a Sultanate not taxing your people. Then sure, I wouldn't be surprised.
Fake news or overrated however. To get a government on board... When it comes to state coffers... Tough
Unless you're a Sultanate not taxing your people. Then sure, I wouldn't be surprised.
Fake news or overrated however. To get a government on board... When it comes to state coffers... Tough
Those government and institutions buying bitcoin might have an ulterior motive for embarking on such feat, maybe their sole aim is to become self imposed whales that will control the price in the future, I am quite sure the US government will have an undisclosed huge amount of bitcoin and who knows they might have been subtly accumulating more bitcoin covertly such that they can continue to dominate the world as world power in every aspect of economy.
There is some evidence for North Korea, Russia, and other sanctioned states heavily acquiring bitcoin, where 'acquiring' isn't just purchasing. I would not be surprised but of course I don't know. If the US Fed was smart they'd be holding heavily, but doubt they are.
They maybe, they may not. There is no full coverage or link of evidence that shows they are, we should be a bit mindful of what we conclude on though.
However, looking at the way they are going about with full force on Bitcoin, it could be they are indirectly making it popular to stir up it price for their own gain if they had purchased it or trying to cause a price reduction because they didn't invest on it.
However, looking at the way they are going about with full force on Bitcoin, it could be they are indirectly making it popular to stir up it price for their own gain if they had purchased it or trying to cause a price reduction because they didn't invest on it.
What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.
Opinions? Inside info haha
Opinions? Inside info haha
Maybe under its regiments, not the governments itself. There are laws to be considered and a government buying bitcoin would probably be kept hidden ad unknown to the public, it will cause public distress and questionings to the public servants. In anyway, may a government employee would definitely bought bitcoin, base on their own judgement they invest using their own money and not by the government as a whole.
What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.
Opinions? Inside info haha
Opinions? Inside info haha
There's no evidence that governments are quitely buying bitcoins. I heard the case of Bulgaria only that they have summed up a huge amount of bitcoins. But no other government has made it public and neither they will!
The case is even complicated for corporates! No one is ready to provide information on their crypto holdings and their research on cryptos!
You can follow the below links and periodically visit for updates,
https://blog.chainalysis.com/
https://ciphertrace.com/blog/
Probably you will get some insights from these analytics companies!
Yes, I only remember the real fact about Bulgaria, but no other government buying BTC os another cryptos
Governments are debating about BTC, and there's no consense yet, so it's almost impossible in near future
They would get more Bitcoins, if they try to build a quantum computer. There are more than 1,000,000 'shalecoins', Bitcoins with no owner https://bitcointalksearch.org/topic/bitcoin-as-shalecoin-5134441, waiting to become active.
Who will win the quantum race? Maybe a private group.
Who will win the quantum race? Maybe a private group.
I keep reading and seeing that too. Did you read about the Virgin Bitcoin? I feel like this kind of has to do with institutions and large hedge funds buying up 'clean' bitcoin https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently
I hadn't heard of this concept until Ciphertrace explained what it is in this video and its value
I hadn't heard of this concept until Ciphertrace explained what it is in this video and its value
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The governments and institutions can buy bitcoin in a large amount because they have huge money to buy secretly. I think there will be a show of power from them because they buy a large amount of bitcoin and they want to dominate the market with all of the bitcoin they have. They buy bitcoin secretly because they don't want the other countries to know what they did with bitcoin although they give warning to their people and maybe ban bitcoin to their country. But we don't know what is the truth from their reason to buy bitcoin in a large amount.
Nothing surprising in this, because pravitelstvo often duplicitous and can to hate crypto but continue to earn on it
It's a bit contradicting for the government to buy bitcoin since government would probably promote their currency than bitcoin. Since there's no solid proof, what other says are just merely speculations. But there's also a possibility that a government official would be into bitcoin but as an individual, and not for the benefits of the government.
What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.
Opinions? Inside info haha
You may know governments don't like bitcoin so silent buys won't be a good idea from them. When they suggest people not to use bitcoin and in reality they buy them, you know this causes chaos between people and government so I doubt any government is interested in it. Also how much will they buy? Do they really want to hold even 7000 bitcoin? Any idea? It's very small amount for government.Opinions? Inside info haha
Institutions have to have a clear investment policy, they usually don't invest themselves but use some kind of fund manager company to do the investments. They will just indicate what level of risk they would accept and the fund manager can do the rest.
This usually means that for e.g. pension funds or similar long term investment institutions usually can buy some high risked investments, but only very little percentage of their portfolio could be that risky. Shorter funds (who only invest on shorter period of time) usually can't risk to buy into highly volatile things, because they have only short time available to pay back the funds, so they have to find something that would go up or at least won't go down by the time they have to pay...
So I don't really trust this news...
This usually means that for e.g. pension funds or similar long term investment institutions usually can buy some high risked investments, but only very little percentage of their portfolio could be that risky. Shorter funds (who only invest on shorter period of time) usually can't risk to buy into highly volatile things, because they have only short time available to pay back the funds, so they have to find something that would go up or at least won't go down by the time they have to pay...
So I don't really trust this news...
Some officials might have invested in bitcoin individually to make profits. They are same as ordinary people. But I don't think any government have invested in bitcoin. I am sure governments don't make trouble for themselves. Assume that a governments invest in bitcoin and it reveals. What will happen?? Especially if bitcoin price decreases and causes a big loss.
They bought bitcoin, not in the purpose that it could to the community but they just bought it for personal purposes. And you are right, they are just like a normal person...they also making money aside from having a salary from their job. They know also the current status of crypto in the country and they take advantage of it for being a profitable investment.That is more than possible to happen. Government officials have their other sources of income also.
If they are buying, that is their personal investments in crypto not being tied-up with particular government.
And in case, there is government buying their crypto reserves, they won't disclose it to the public.
Either way, this is good for crypto market. This will increase the demand and so the price will increase.
Some officials might have invested in bitcoin individually to make profits. They are same as ordinary people. But I don't think any government have invested in bitcoin. I am sure governments don't make trouble for themselves. Assume that a governments invest in bitcoin and it reveals. What will happen?? Especially if bitcoin price decreases and causes a big loss.
They have to be very attentive because at 1 month, the bolinger bands are open. A year and half ago the difference between the bolinger bands was approx 15000 USD.
Now we have a difference between the bolinger bands (at 1 month) of 10000 USD. This is approx 4000 USD closing/year for the difference between the bolinger bands. When the bolinger bands will close to approx 3000 USD, then will be the opportunity to buy. This will happen in approx 2 years from now.
Now we have a difference between the bolinger bands (at 1 month) of 10000 USD. This is approx 4000 USD closing/year for the difference between the bolinger bands. When the bolinger bands will close to approx 3000 USD, then will be the opportunity to buy. This will happen in approx 2 years from now.
Bitcoin is available to anyone, why it would be strange that governments or institutions buying Bitcoin or anything else? Some are in fear of it, but we can not stop someone to buy or invest in something. Maybe some governments are buying Bitcoins, we can not know that unless it becomes publicly known, but it would be foolish to say that some of them are not investing in something with such great potential.
The thing is that everything is done in secret, imagine if it become public that some big country like USA, GB or China is buying Bitcoin. Price would be skyrocket like crazy, and this is not something that is good for buyers. Accumulation of large quantities of Bitcoin over a long period of time via OTC keeps price at a relatively low level.
The thing is that everything is done in secret, imagine if it become public that some big country like USA, GB or China is buying Bitcoin. Price would be skyrocket like crazy, and this is not something that is good for buyers. Accumulation of large quantities of Bitcoin over a long period of time via OTC keeps price at a relatively low level.
I really agree with you, that they will not want to open the door about buying bitcoin publicly, but it is true that to invest in Cryptocurrency there is no prohibition for users, even that will make the price of bitcoin skyrocket ..
Actually the government and institutions are not a frightening specter and not to be feared, even that would be an advantage for the holders ...
Bitcoin is available to anyone, why it would be strange that governments or institutions buying Bitcoin or anything else? Some are in fear of it, but we can not stop someone to buy or invest in something. Maybe some governments are buying Bitcoins, we can not know that unless it becomes publicly known, but it would be foolish to say that some of them are not investing in something with such great potential.
The thing is that everything is done in secret, imagine if it become public that some big country like USA, GB or China is buying Bitcoin. Price would be skyrocket like crazy, and this is not something that is good for buyers. Accumulation of large quantities of Bitcoin over a long period of time via OTC keeps price at a relatively low level.
The thing is that everything is done in secret, imagine if it become public that some big country like USA, GB or China is buying Bitcoin. Price would be skyrocket like crazy, and this is not something that is good for buyers. Accumulation of large quantities of Bitcoin over a long period of time via OTC keeps price at a relatively low level.
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