How big is the role of the government in the development of Bitcoin?

[traderethereum]

I don't know how big the role of the government in the development of bitcoin because the government never tell the public about that.
Maybe the government taking a big role because they can easily build a secret project and running that project without anybody knows.
With all of their resources, I am sure the government can do whatever they want, they can invite high-skills programmer to join with them, they can have unlimited funds from other sources, and else.
And related to the acceptance of bitcoin in one country, of course, if the government accept bitcoin as a new payment model, it will give a chance for bitcoin to spread with fast in public and people will know about bitcoin, they will learn more about bitcoin too.

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[LUCKMCFLY]

So far no government has done it, and the main reason is understandable, for them volatility is not their friend, they prefer stable stocks, prefer to invest in insurance, and in case they decide to invest in bitcoin, they would do it anonymous form, because if a government announces that it will invest in bitcoin, it is obvious that many sellers will go out and sell them very expensive, and they will wait until they buy as many as possible so that prices go back down and buy back, because that is what everyone would do the bitcoin traders and the whales, bringing as a consequence a high loss for the buyer government.

Besides, the economists and advisers of a government will never allow such an adoption, since they did not prepare themselves in their studies to be in a speculative market, where the volatility is enormous, due to this, I think it is the safest for governments to invest in gold, gold shares or direct purchase of gold bullion, since it is the surest way to obtain excellent profits and to have liquidity, profitability and safe actions.

That is why many countries prefer to buy gold, gold shares, because the support they would have at the time of a fall in the world economy would be excellent, they could easily be lifted.

[jjbanks994]

I also agree and think that the government will have to play at least some role in the acceptance and adoption of crypto. Whether that is them outright talking about accepting crypto but also their involvement in the protection of funds. There are even third party companies like ciphertrace that have experience and ties to the SEC. I think these pro-crypto companies that the government trusts are going to play a huge role in acceptance

[nicko122]

Of course, the government plays a very important role in the development of Bitcoin and other cryptocurrencies. It is important how the government of a country treats cryptocurrency, positively or negatively. This will affect the popularity of currencies within the country.

[zee11225]

I think the fitting word is acceptance. Bitcoin is already developed and they just need some tweaks or improvement that will make it more suitable for ordinary consumers. If they want to work together with btc one day, then I think that will hasten those improvements and that is the huge role that the government will fill.

There is no government role in developing Bitcoin, because bitcoin is an ecosystem that runs anywhere using the internet. The government cannot make changes to bitcoin technology.
However, governments everywhere will protect their country from the adverse effects of bitcoin or will find a loophole to benefit from bitcoin. Because bitcoin cannot be stopped, it is better to find a solution so that the existence of bitcoin benefits the government.

[Innerpumper]

very big, with regulate from government bitcoin will make easy get trust to people in many contry so, if government will announcement bitcoin are legal., bitcoin price will grow up

[imstillthebest]

very big, with regulate from government bitcoin will make easy get trust to people in many contry so, if government will announcement bitcoin are legal., bitcoin price will grow up

The price of bitcoin did already grow that is because many government already announce bitcoin as a kind of legal currency but i think they did not regulate bitcoin yet  .

your right that if bitcoin will be regulated i think its value can grow more but how can they do it when bitcoin had a decentralized nature ?  I though its uncontrollable  ?  Anyways , bitcoin can still grow more on its own and govenrment acceptance is already enough  .