If the government supports bitcoin instead of the existing currency.

[stabsee83]

I think it's very difficult to happen because this government is very difficult to accept payment and circulation of bitcoin, but if the government starts to provide support for the existing cryptocurrency it will make cryptocurrency prices very expensive.

Yeah of course it is very difficult for the government to take control of cryptocurrency like their regular currency because it is decentralized and the governments have nothing to do with it. I think in the future it may possible when all the governments in the world regulate cryptocurrency and keep a record of its transactions, then they can apply taxes on crypto dealings.

[zhanyiguai261315]

If the government supports Bitcoin, it is likely to greatly promote the development of bitcoin and blockchain, and quickly raise the market value of Bitcoin!
Bitcoin now has a consensus in the world, and will definitely get more people's support in the future!

[realBitcoiner]

As we know that bitcoin is a decentralized currency that does not require a central bank so it can not be controlled by the government. maybe bitcoin will get support from the government if the government can find a way to control the existence of bitcoin so that it will apply the tax system by the government.

If the government supports bitcoin, people will earn huge money from bitcoin trading because it is the most profitable mean for making money. More and more people will put their money in bitcoin because then it will be centralized and legalized. People will be satisfied with their investment because the government will support it and they may take responsibility for any upsets and scams. 

Of course government will impose tax if they control cryptocurrency. Till this date there is no system that any government can control cryptocurrency transactions. They can only ban it. People are waiting when will their governments accept cryptocurrency and they would be free to trade and invest in it. People will feel ease if this happens.

[Mytoken]

Inflation is only one of the concerns of the government, but it is not important, but if they adopt bitcoin, then the government will lose complete control over the economy, which is the most important!

[yitzjoe]

I support your statement that the world bank has been in deep grip on several developing countries including our country. they provide ease of foreign debt but the impact is that they are able to control many policies in our country. if crypto is accepted almost all over the world, the economic and financial revolution will occur but this will be easy

[Valakqueen]

That could be a solid stepping stone for the cryptocurrency market if there is a government cracking the room. In addition, the economy of that country will change with the advancement of electronic science.

[Kusnechik]

On the decisions of governments on the introduction of the crypto currency, instead of the national currency, many economic factors influence.

[Ridersss]

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?

the government is afraid of bitcoin because of the fact that there is no physical presence of bitcoin. and he did not know the origin of the existence of bitcoin. so the government is too scared to use bitcoin. whereas on the one hand bitcoin has many advantages and advantages that can help the government.

[geberger]

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?

The government of any state will never support bitcoin in place of its national money. This simply contradicts common sense and laws of economic development of the state. National money is issued for the amount of the country's existing gross product. The state can pre -print money for the amount of annual gross income. Crypto currency will completely destroy all the economic regulation of the state and all for the sake of a virtual currency that is not owned by anyone, not provided with anything, which can not be controlled and which has horrendous volatility? And why do they need these problems?

As far as i know government can never support bitcoin since it has many disadvantages. For example its anonymous so criminals can send and receive money without any problem.

[adpinbr]

It would be hard for the government to not support their existing currency because that currency is their own. The feeling of security and pride of having your own currency will be gone if the government push through with bitcoin.

[zubrr51]

It may be that businessmen will be the first to introduce Bitcoin into an active appeal, and governments will join them.

[Barretwallace]

If the government accepts cryptocurrency as currency. Maybe it is a good motivation for market development. And no longer legally binding.

[nyobaanweh]

in my opinion, if bitcoin gets national credit and is recognized as a legal currency it is very good, but someone who transacts bitcoin must use bitcoin as it should. Because until now I think corruptors use bitcoin as a fund laundering path

[jjohnathn]

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?

The government of any state will never support bitcoin in place of its national money. This simply contradicts common sense and laws of economic development of the state. National money is issued for the amount of the country's existing gross product. The state can pre -print money for the amount of annual gross income. Crypto currency will completely destroy all the economic regulation of the state and all for the sake of a virtual currency that is not owned by anyone, not provided with anything, which can not be controlled and which has horrendous volatility? And why do they need these problems?

the main thing is not reaching to that person who is using it. I am not agree government can never accept bitcoin nor in future.

[Gagah119]

I think the government will not give national credit to bitcoin but they will use blockchain technology and the government will make their currency  in crypto form and the amount is unlimited.

[VaryTime]

It seems to me that this will never happen because bitcoin is decentralized. The government will not want something that they can not control.

[Ozero]

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?

No state will ever switch to the use of decentralized crypto currency instead of its national money, otherwise it will lead to a complete collapse of the country's economy. National money is of value and they are provided by the gross product of the state, and the crypto currency is really not provided. Crypto currency can only go in parallel with the national money of the state.

[jonhsongotti]

if they do then it will do more benefits to the citizens not to the governments.But I think this is really hard to happen. Countries have more and more control and bitcoin policies to match the country. It will take a lot of time for bitcoin to become a legitimate currency.

[vasilev456]

Bitcoin was originally meant as a decentralized payment system, so that in order to combine the idea of ​​cryptocurrency and centralization, states somehow need to invent their own cryptocurrency, which they can control!  But will such a currency be in high demand?

[zoeylee]

I think government is not yet ready for that kind of regulation. It is a long process to be implemented because we a have different form of government around the world.