If the government supports bitcoin instead of the existing currency.

[gunungkembar]

for the time being the government has not given too much support for the current bitcoin digital currency is still a very good investment material and hopefully in all countries it has received the circulation of bitcoin.

[bncbnc]

for now it seems that the government has not given too much support in cryptocurrency. Only a few countries have supported the development of cryptocurrency. If all governments in various countries have supported the development of cryptocurrency, then it will trigger cryptocurrency prices.

I think that it is still very early. Although some countries have make bitcoin a legal currency for their people, but still most of the countries may be thinking about it, they will study all the good and bad aspects of bitcoin and may after that they will take some decision. I am hopeful that just like Japan they will also make bitcoin a legal currency.

[samcrypto]

for now it seems that the government has not given too much support in cryptocurrency. Only a few countries have supported the development of cryptocurrency. If all governments in various countries have supported the development of cryptocurrency, then it will trigger cryptocurrency prices.

This will happen in time, actually right now a lot of countries are showing their interest to adopt cryptoccurency, its a good thing for cryptomarket. But don't expect the government to drop their fiat currency and move to cryptos because it will not happen. I just hope for a good regulations around the world so we can now use this technology without any problem.

[LindsayWWW]

If the government starts support it, it will clearly go against its own nature.

[ivankoh]

for now it seems that the government has not given too much support in cryptocurrency. Only a few countries have supported the development of cryptocurrency. If all governments in various countries have supported the development of cryptocurrency, then it will trigger cryptocurrency prices.

There are many countries in the world that block the growth of Bitcoins because they can not manage Bitcoin and cryptocurrency. This has prevented the development of huge cryptocurrency but I believe that when crypto actually brings real benefits to life it will gain a place in this life.

[CPetersson]

I don't think there will be good consequences. Because Bitcoin is just very famous cryptocurrency, probably every country will have own token. I think so

[Lady Coquet]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

I think if the government in every country supports bitcoin it will start to be legalize and many people will be using bitcoin as a legal currency, so it will have a big chance to have a huge value.

[agentx44]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

In my own personal opinion, if the government started to support bitcoin instead the existing currency bitcoin will start to have a chance to be used by almost everyone in the world because no one would used the existing currency if it is not supported anymore.

[sultanGol]

I do not see any chance, that Bitcoin will be fully supported by all the governments. Maybe some open minded, who really need it.

[Ebihsu]

At present only a few countries that accept crypto currency while other countries prefer to banded bitcoin. Bitcoin can be legal so in this world seems to be very difficult because there are still many countries that consider cypto could disrupt the stability of the economy.

[permatasai]

the fear of many governments was that without macro controls for the financial activities of his country it happened also to crypto, and I was confused as to why the reason existed while the advantage of crypto benefited the country itself

[CPetersson]

It will  never happen. Because governments always control fiat currencies. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. They won't control bitcoin because nobody knows who is creator and they will get no taxes

[balamuda]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

That is impossible if the government supports bitcoin from fiat currency. Fiat currency is created by the government and until whenever the government will make fiat currency to survive.

[lavara]

So it will be when you create your own independent state or become president, D Of course, this will severely hamper the government in its plans and significantly reduce income. But people from this very much can win - minimum commission for transfer, transparency, and security. There are also many disadvantages here - the unpredictability of the course of the crypto currency - there can be panic, if it goes wrong. I'm currently working on ico projects, for me it's profitable.

[icreative998]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

I think the government will have to have a thorough trial plan if it wants to make a bitcoin into the official currency, otherwise things will be very upset that high tech criminals will take advantage of the money to rob others. Used to trade trafficking, illegal activities so it is difficult for that to happen

[Impulseboy]

If the government starts getting into bitcoin, there is a chance the crypto world will lose its charms. One of the things people chooses bitcoin over is that it runs on blockchain technology which is decentralized. If it goes mainstream the government will try to control bitcoin which would defeat the very purpose of cryptocurrency.

[miramax-10]

At present, bitcoins have too much volatility and this can have a negative impact on the economy.

[patarfweefwee]

When they do, and it's only a matter of time, they will eventually move to regulate crypto currency and find a way to tax it. Next they will legislate more laws to protect the citizen's and the government's interest in crypto currency. Then again, bankers will put alot of pressure to the existing government to trash crypto currency in the country.

[bitcoinisbest]

At present, bitcoins have too much volatility and this can have a negative impact on the economy.

If govt starts supporting the crypto currency it will be good news for all the citizens of that country and to the investors who have invested money in crypto as market will start zooming and the price will rise which may make the portfolio to rise depending upon the coins being hold.

[Yelosita]

At present only a few countries that accept crypto currency while other countries prefer to banded bitcoin. Bitcoin can be legal so in this world seems to be very difficult because there are still many countries that consider cypto could disrupt the stability of the economy.

The government is very careful in making decisions about bitcoin, because the government is worried about losing control over the circulation of money if bitcoin is legal, unlike fiat money which is under government control in this case the central bank as a policy maker. Fiat money is centralized while bitcoin is decentralized, clearly operating outside government authority because transactions are peer to peer, as if we have our own bank.