Can Governments Kill Bitcoin?

[Suguha]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I think government can do whatever thay want even killing bitcoin or drag it down because government can make a law or policy that bitcoin will not be used to their country, because if something will be threat to a government they can put down just by giving order or to make a law just to put it down.

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[gandame]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

Yes, they can if they will not accept bitcoin in their countries. It is always depend on their governing rules and policies about digital currency usage in their countries.

[neo444]

Everything is possible and yes governments can kill bitcoin if they thinks bitcoin does not evolve these financial status

[lucemferrum01]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I think they can since government can regulate how people will be able to convert bitcoin to extent that it can be used in their nation. If they ban bitcoin then it will greatly affect a huge amount of investors thus affecting the market, though of course they would have a hard time regulating bitcoin users but it will surely hit hard the market.

[AniviaBtc]

Of course the government has the power to do so. But I think this will not do the Government because bitcoins help people especially those who are poor like me. I wonder if this could be the reason for controlling its price as in China where many people have been losing due to wrong information they are receiving

[agentx44]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

In my own personal opinion, it depends because there are now a lot of countries started making bitcoin legal to them so there are low chances that they could kill bitcoin or cryptocurrencies. But i think the government could run bitcoin if or take over of it, which i would disagree because the government would put a tax and stary corrupting it, so i will not earn the same amount of bitcoin ever again.

[snowbubble]

I think in future all governments will move to crypto so its not killing but they will be part of crypto. So we will need to adapt with time too .

[pinoyden]

Of course the government has the power to do so. But I think this will not do the Government because bitcoins help people especially those who are poor like me. I wonder if this could be the reason for controlling its price as in China where many people have been losing due to wrong information they are receiving

of course not. governments cant kill bitcoin because bitcoin is not the same as fiats that they can controll easily. bitcoin is a decentralize currency and it was built online. that simply means it cannot be modified or damaged by anyone even the greatest hackers. governments can only block websites and ban the exchanges offline but not all countries restricts bitcoin. majority of countries are still operating bitcoin , so i guess bitcoin can still developed because many people use it for their daily lifestyle.

[alroys]

I think the government can only prohibit its people, not to play Bitcoin. but the government can not just kill Bitcoin, because bitcoin comes with the internet, as long as there are internet people will find a way to access Bitcoin.

[Granxis]

I think in future all governments will move to crypto so its not killing but they will be part of crypto. So we will need to adapt with time too .

Yes, there are very few reasons for governments to kill Bitcoin. As the popularity of Bitcoin has diminished, the power of banks has increased. Governments and banks are in a close relationship. That's why there are now problems with Bitcoin's freedom.

[leavefifa]

If the government wants to end the existence of Bitcoin, the government must hold and manage it. But as far as I know, this is something the government can not do. Bitcoin will be very difficult, if all countries simultaneously do not accept it. But I do not think so. Bitcoin in particular and Cyptocurrency is an indispensable trend. Too hard to stop Bitcoin.

[cutecute]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

For me government can't kill or ban bitcoin becausw there are so many people who make their life better because of it. All of the users or worker here don't let anyone to destroy it because we all know that many people being helped by it

[Clover_Faith]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I dont think so but  government can kill bitcoin maybe someday because in other country they ban bitcoin. But all i need to do is enjoy using bitcoin and just Ignored it.

[Kuchiyose]

If a government is not allowed to play Bitcoin or invest in it it seems like it could happen and make Bitcoin a less functional one in that country.

[Eros1on]

If the BTC can be killed, BTC would have been destroyed a few years ago. Instead, I think BTC can exist for decades.

[ostrovagaly]

On the business itself, a very significant part of our life is played by the government and they can literally forbid everything, not to mention the fact that even though there is democracy, it is suggested to our eyes that they are blind.

[bitcoinskyrocket09]

Yes governments can kill btc. Government are the one who is responsible in all the happenings in our society and in our community. Government can remove any sort of illegality and illegitimate transactions, connections and other works and actions that big people does. Many illegalities are made because they use digital money and btc or cryptocurrency is involved in those crimes so i conclude that government can really kill btc.

[BlueBitc]

No, the best bitcoin to date is because many countries are receiving bitcoin other than the US government because of the security in transactions and the very low cost so that the level of trust of the world people prefer bitcoin.

[Boys27]

no one can kill bitcoin, now bitcoin price is down but in my opinion this is only temporary, now is the best time to buy bitcoin and altcoin because the price is going down, and my estimate in mid year the price will go up

[Houseman]

I think government support is actually very important in crypto world. But without government support, bitcoins still able to survive. All the years back then, bitcoin can survive, i think now and future also can.