Bitcoin evangelist Michael Saylor says crypto regulations would speed adoption

[Vaculin]

Once said some time ago that if you said you're a crypto enthusiast and you don't expect some regulations within the system and you want cryptocurrency to be mainstream of payment or you want the institutional investor to join it wagon then you're not a crypto enthusiast because there's no way cryptocurrency will achieve this without some form of regulation which I believe is the major sacrifice we have to face.
Michael Saylor was absolutely right and I don't think this regulation should bother us since the government can only regulate exchange sites etc, not crypto itself.

Speaking technically then it couldnt be possible but even though we do like it or not, regulation would really be always next in line and there's nothing we can do about it.
Does it speed up adoption? Certainly yes and we know that once government do really make out some involvement yet people around would definitely tend to believe
on what they are tending to say even though crypto platforms had been centralized then it would really still get that kind of attention which would fasten
out that kind of exposure and overall adoption and recognition.

As regulations becomes more inevitable, then it will create a win win scenario both for the government and the potential investors in crypto. Why? Because the government will make virtual currencies accountable and become transparent in their transactions. And on the part of crypto investors, it will be a safer environment for them if the government has the proper regulations for it. And in fact, i have here some good reasons why there is a need for crypto regulations. Check it out: https://www.ndtv.com/business/5-reasons-why-cryptocurrency-regulation-is-important-2637741

[suzanne5223]

Once said some time ago that if you said you're a crypto enthusiast and you don't expect some regulations within the system and you want cryptocurrency to be mainstream of payment or you want the institutional investor to join it wagon then you're not a crypto enthusiast because there's no way cryptocurrency will achieve this without some form of regulation which I believe is the major sacrifice we have to face.
Michael Saylor was absolutely right and I don't think this regulation should bother us since the government can only regulate exchange sites etc, not crypto itself.

As regulations becomes more inevitable, then it will create a win win scenario both for the government and the potential investors in crypto. Why? Because the government will make virtual currencies accountable and become transparent in their transactions. And on the part of crypto investors, it will be a safer environment for them if the government has the proper regulations for it. And in fact, i have here some good reasons why there is a need for crypto regulations. Check it out: https://www.ndtv.com/business/5-reasons-why-cryptocurrency-regulation-is-important-2637741

Although, I believe the crypto regulation will speed adoption and recognition but in the article link you share I wonder why the writer says regulation will prevent market manipulation which is totally wrong. Besides, he also stated it will make people understand the risk when almost all crypto exchange sites provide a popup notification to every new account register on their platform about the risk involve in crypto trading.

[lixer]

Although, I believe the crypto regulation will speed adoption and recognition but in the article link you share I wonder why the writer says regulation will prevent market manipulation which is totally wrong. Besides, he also stated it will make people understand the risk when almost all crypto exchange sites provide a popup notification to every new account register on their platform about the risk involve in crypto trading.

It can speed up adoption in terms of countries or their governments because all what they usually want is regulation. Regulation won't also be a problem to most newbies that will enter crypto because they don't have an idea if what is the main purpose of crypto. Only the old users on crypto can figure it out that cryptos can be free from regulation.

I am afraid they will quit cryptos once crypto have now been successfully regulated. I agree, regulation can in fact make crypto more manipulative because many governments and big institutions are now adopting it but that is good if they constantly warn people or newbies about the risks in crypto.

[dezoel]

No, I don’t think that the adoption has nothing to do with government regulation. Having a tight government regulation might even discourage some of the old users who liked Bitcoin for the fact that it gives them privacy and not having the government force themselves into everything they are doing. And another thing is that government regulation doesn’t stop the volatility in the market or does it?

I believe that for most of the people there are three major things keeping from investing in Bitcoin: it is either that they are not interested in it, second is that they do not understand it, and lastly is the volatility of the asset is too much. So these are the issues here and not regulation..

[Finestream]

No, I don’t think that the adoption has nothing to do with government regulation. Having a tight government regulation might even discourage some of the old users who liked Bitcoin for the fact that it gives them privacy and not having the government force themselves into everything they are doing. And another thing is that government regulation doesn’t stop the volatility in the market or does it?

I believe that for most of the people there are three major things keeping from investing in Bitcoin: it is either that they are not interested in it, second is that they do not understand it, and lastly is the volatility of the asset is too much. So these are the issues here and not regulation..

This is also my personal view on crypto regulation. For me, its even a positive way of reinforcing people to invest in bitcoin because its protected by the government and that regulations are made for the security of the crypto investments and to protect the interest of the investors.

Regulators’ concerns around the world include how to conduct know-your-customer checks and ensure anti-money laundering, as well as make sure digital transactions aren’t used to move illicit goods and fund terrorism. This way, it will create positive awareness to all the people and that may lead to speed up its adoption in the future. https://www.arabianbusiness.com/gcc/uae/469931-crypto-cracking-out-of-shell-regulation-education-needed-to-speed-up-adoption

[poldanmig]

No, I don’t think that the adoption has nothing to do with government regulation. Having a tight government regulation might even discourage some of the old users who liked Bitcoin for the fact that it gives them privacy and not having the government force themselves into everything they are doing. And another thing is that government regulation doesn’t stop the volatility in the market or does it?

I believe that for most of the people there are three major things keeping from investing in Bitcoin: it is either that they are not interested in it, second is that they do not understand it, and lastly is the volatility of the asset is too much. So these are the issues here and not regulation..

This is also my personal view on crypto regulation. For me, its even a positive way of reinforcing people to invest in bitcoin because its protected by the government and that regulations are made for the security of the crypto investments and to protect the interest of the investors.

Regulators’ concerns around the world include how to conduct know-your-customer checks and ensure anti-money laundering, as well as make sure digital transactions aren’t used to move illicit goods and fund terrorism. This way, it will create positive awareness to all the people and that may lead to speed up its adoption in the future. https://www.arabianbusiness.com/gcc/uae/469931-crypto-cracking-out-of-shell-regulation-education-needed-to-speed-up-adoption

With regulations, of course, it will provide guarantees for us in carrying out every crypto transaction, maybe indeed we have to pay taxes if the government implements regulations on crypto, but as long as the tax is still in a reasonable percentage, of course it doesn't matter in my opinion, I think regulation is very necessary to adopt bitcoin and impose limits on the use of bitcoin to be clear in the economy in a country, but I think the government also needs to make rules that make sense and don't hinder the industry or the development of bitcoin in the future.

[redsun114]

Although, I believe the crypto regulation will speed adoption and recognition but in the article link you share I wonder why the writer says regulation will prevent market manipulation which is totally wrong. Besides, he also stated it will make people understand the risk when almost all crypto exchange sites provide a popup notification to every new account register on their platform about the risk involve in crypto trading.

Where are we really heading to? We all used to boast of how Bitcoin is a currency that was created for our freedom and how we can now be able to do most things and be free from the government, but now you people are talking about needing government regulation, doesn’t that defeat the main purpose as to which Bitcoin was created for? How exactly would having government regulate the market be able to reduce the risk and increase adoption?

If the government starts regulating the crypto market, it doesn’t change anything for the better, rather things might even get worse. Anyways, what did I know? I would just stay and watch where the market is heading to.

[suzanne5223]

Although, I believe the crypto regulation will speed adoption and recognition but in the article link you share I wonder why the writer says regulation will prevent market manipulation which is totally wrong. Besides, he also stated it will make people understand the risk when almost all crypto exchange sites provide a popup notification to every new account register on their platform about the risk involve in crypto trading.

Where are we really heading to? We all used to boast of how Bitcoin is a currency that was created for our freedom and how we can now be able to do most things and be free from the government, but now you people are talking about needing government regulation, doesn’t that defeat the main purpose as to which Bitcoin was created for?

I know it hurts but it's the sacrifice we have to if we want Bitcoin to be mainstream of payment and you seem not to understand that the government can not regulate Bitcoin or the market but they are going to regulate major crypto exchange and organizations.

 How exactly would having government regulate the market be able to reduce the risk and increase adoption?

I never said the government regulation will reduce risk but it will help adoption because there are people who still don't trust crypto because the government is not involved.

If the government starts regulating the crypto market, it doesn’t change anything for the better, rather things might even get worse. Anyways, what did I know? I would just stay and watch where the market is heading to.

The government can not regulate the crypto market but in the future, the institutional investor may have the power to manipulate the market just like the whales did in the previous market because they are currently the major holder.

[ololajulo]

Most regulations have been targeted at exchanges and exchangers imo and I don't think that'll changr with more regulations coming in.

If people aren't happy with regulations, there will probably be ways to get around them without too much hassle or they might be able to just go ignored for those too with smaller amounts of crypto and go fairly unnoticed.

Decentralised exchange is an option for exchange deregulation, However, DEX has many limitation. Most traders of bitcoin still need to move their coins in fiat hence P2P from some centralized exchanges keep seeing high volume trade. We now have over 10 type of blockchain DEX which will massive coin movement as new investors come in.

[South Park]

Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday.

"Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset," Saylor said on "Squawk on the Street," stressing as a major bitcoin believer and holder he's looking for "clear, bright line definitions of digital property versus a digital security versus a digital currency and the operating rules of the digital exchange."

U.S. Securities and Exchange Commission Chairman Gary Gensler said last month that the agency is planning to crack down on Wall Street, including by creating and enacting rules for cryptocurrency markets. Back in August, Gensler said Congress needs to grant the SEC additional powers to regulate crypto.

Source

Is this where we are heading! Without regulations from the government, btc will never be able to achieve the so desirable adoption, if people like Saylor is publicly calling for regulations it means soon we will witness it, what do you guys think would happen, and what about btc maxis who are strongly in support of decentralization and privacy, will they be willing to give that regulation in other to use btc?

He's not wrong. Not that it would just speed adoption, regulation is actually a barrier that stops BTC from being adopted. But we need to ask ourselves, is that what we really want? Why do we need mass adoption, especially so quickly? Are we only chasing that all-time financial high? Because maybe we need to redefine why we are in Crypto in the first place. I don't know if we are heading there, but it's definitely a line that will have to be crossed, and we need to discuss if that's something that has benefits in the long run.

You touch an important point, we want adoption of course but at what cost? If that means giving up the core concepts of bitcoin then we are better off without that massive adoption and we could just bid our time until the moment is right, however institutional investors, which are mostly interested in the profits this market can produce, do not care at all and just see bitcoin as yet another asset from which they can earn some money, so it is obvious they will push for the market to be regulated since they think this will bring even more money to their pockets.