Government policies help to grow the price of bitcoin

[AndySt]

This shows what they really fear from bitcoin, they are not afraid of bitcoin becoming a valuable asset, they are not scared of bitcoin becoming a store of value and displacing gold as the main form of protecting your wealth, what they are really scared about bitcoin is of bitcoin behaving like a currency and that eventually displaces their own fiat currencies and they lose all the power those fiat currencies confer to them and as such they lose the tight control of the economy they have now.

You can't be afraid of bitcoin as a competitor to your fiat currency in only two cases. First, when your fiat currency is the world's reserve currency and therefore the additional amount of liquidity can not significantly affect the monetary policy of your state. In the second case, you have such a weak and uncontrolled economy that the monetary policy of your state has no influence on economic processes. Therefore, I fully understand the concerns and even prohibitions of many states on the use of bitcoin as a means of payment, and not as a financial or property asset.

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[Kong Hey Pakboy]

Really depends on the stance of the government towards bitcoin or cryptocurrency as a whole, if they are in favor then the policies are going to be really good for the prices of market but if it was the other way around then it will be a different story because some opposing policies might have adverse effects.

[andriarto]

This shows what they really fear from bitcoin, they are not afraid of bitcoin becoming a valuable asset, they are not scared of bitcoin becoming a store of value and displacing gold as the main form of protecting your wealth, what they are really scared about bitcoin is of bitcoin behaving like a currency and that eventually displaces their own fiat currencies and they lose all the power those fiat currencies confer to them and as such they lose the tight control of the economy they have now.

You can't be afraid of bitcoin as a competitor to your fiat currency in only two cases. First, when your fiat currency is the world's reserve currency and therefore the additional amount of liquidity can not significantly affect the monetary policy of your state. In the second case, you have such a weak and uncontrolled economy that the monetary policy of your state has no influence on economic processes. Therefore, I fully understand the concerns and even prohibitions of many states on the use of bitcoin as a means of payment, and not as a financial or property asset.

I think the main factor of the government that helps the development of bitcoin is that currently it is not so badly prohibited from using it, even though it is not a means of payment. at least bitcoin is in the market, which is parallel to stocks, even many investors leave stocks to switch to crypto currency

[marlo1001]

They may also help to dump btc. We may see on big dudmp if the major countries will make it illigal

[Xinarae*]

If government policies help raise the price of bitcoin it will have no effect on bitcoin. The government cannot control this currency although many countries have banned this currency they are supporting crypto because of the high price of bitcoin investment will become profitable for economic development currently it is pushing up the price of bitcoin even more in some countries there is no law on bitcoin, while in many countries bitcoin transactions are legal. But economists and other stakeholders around the world are risky to invest in cryptocurrencies as their value increases and commas change rapidly.

[sana54210]

If government policies help raise the price of bitcoin it will have no effect on bitcoin. The government cannot control this currency although many countries have banned this currency they are supporting crypto because of the high price of bitcoin investment will become profitable for economic development currently it is pushing up the price of bitcoin even more in some countries there is no law on bitcoin, while in many countries bitcoin transactions are legal. But economists and other stakeholders around the world are risky to invest in cryptocurrencies as their value increases and commas change rapidly.

If the governments want to increase the price of bitcoin, they can do it in just one single day. What they have to do, get the president of that nation, it would be better if it is a big nation like USA or UK or anything like that, let them say "bitcoin and blockchain are a wonderful technology, we as a government will try to implement that as much as possible into government branches" or anything else that is as positive as that, start with allowing people to pay taxes in crypto. That's it, you need nothing else, if you do this, if Biden for example or Boris comes out and says this, that's it, that's done, we are talking about basically bitcoin doubling in a week if that happened.

If they say they are planning on putting some bitcoin into national reserves? That's like dream come true for all of us, we will go over 200k+ very easily if that was done.

[CaVO32]

If government policies help raise the price of bitcoin it will have no effect on bitcoin. The government cannot control this currency although many countries have banned this currency they are supporting crypto because of the high price of bitcoin investment will become profitable for economic development currently it is pushing up the price of bitcoin even more in some countries there is no law on bitcoin, while in many countries bitcoin transactions are legal. But economists and other stakeholders around the world are risky to invest in cryptocurrencies as their value increases and commas change rapidly.

If the governments want to increase the price of bitcoin, they can do it in just one single day. What they have to do, get the president of that nation, it would be better if it is a big nation like USA or UK or anything like that, let them say "bitcoin and blockchain are a wonderful technology, we as a government will try to implement that as much as possible into government branches" or anything else that is as positive as that, start with allowing people to pay taxes in crypto. That's it, you need nothing else, if you do this, if Biden for example or Boris comes out and says this, that's it, that's done, we are talking about basically bitcoin doubling in a week if that happened.

If they say they are planning on putting some bitcoin into national reserves? That's like dream come true for all of us, we will go over 200k+ very easily if that was done.

I don't think we will see that kind of approach very soon. Most governments want full control of their financial aspect of things. With bitcoin or other cryptocurrency, it would be hard for them to have full control. This is the reason why many governments are banning or not legalizing the use of bitcoin, because they don't have the full control of it. Some will just make a reason that it may be used for fraudulent activities, but so with fiat currency. But the difference with fiat, is that they have the full control of its circulation. Whereas, with bitcoin, they will not have the full control of it, but they can regulate the use of it.

[Shasha80]

~

If the governments want to increase the price of bitcoin, they can do it in just one single day. What they have to do, get the president of that nation, it would be better if it is a big nation like USA or UK or anything like that, let them say "bitcoin and blockchain are a wonderful technology, we as a government will try to implement that as much as possible into government branches" or anything else that is as positive as that, start with allowing people to pay taxes in crypto. That's it, you need nothing else, if you do this, if Biden for example or Boris comes out and says this, that's it, that's done, we are talking about basically bitcoin doubling in a week if that happened.

If they say they are planning on putting some bitcoin into national reserves? That's like dream come true for all of us, we will go over 200k+ very easily if that was done.

I don't think we will see that kind of approach very soon. Most governments want full control of their financial aspect of things. With bitcoin or other cryptocurrency, it would be hard for them to have full control. This is the reason why many governments are banning or not legalizing the use of bitcoin, because they don't have the full control of it. Some will just make a reason that it may be used for fraudulent activities, but so with fiat currency. But the difference with fiat, is that they have the full control of its circulation. Whereas, with bitcoin, they will not have the full control of it, but they can regulate the use of it.

In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin,
so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries
choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope
Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher.
So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with
certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future
all countries will accept Bitcoin.

[dimox]

boost in some country, not all country. some of them just take money from like tax for crypto user. they admit how strong bitcoin, but no action for future. and im not sure if they can make bigger it price from that 'policy'.
some party will try to erase this stuff because they can make them shake. but, as time go by, this party will follow this flow, not for increasing the quality, but just for personal gain.

[Golftech]

boost in some country, not all country. some of them just take money from like tax for crypto user. they admit how strong bitcoin, but no action for future. and im not sure if they can make bigger it price from that 'policy'.
some party will try to erase this stuff because they can make them shake. but, as time go by, this party will follow this flow, not for increasing the quality, but just for personal gain.

More om personal gais and not for boosing the entire ecosystem. If only they really care about the system

and not just for the taxes that they'll get after  some implementations of any rules that they'll think that

benefits them. But logically right, once government shows interest then there are many factors that may

affects the value of Bitcoin, wait and hope for the betterment.

[blckhawk]

~

If the governments want to increase the price of bitcoin, they can do it in just one single day. What they have to do, get the president of that nation, it would be better if it is a big nation like USA or UK or anything like that, let them say "bitcoin and blockchain are a wonderful technology, we as a government will try to implement that as much as possible into government branches" or anything else that is as positive as that, start with allowing people to pay taxes in crypto. That's it, you need nothing else, if you do this, if Biden for example or Boris comes out and says this, that's it, that's done, we are talking about basically bitcoin doubling in a week if that happened.

If they say they are planning on putting some bitcoin into national reserves? That's like dream come true for all of us, we will go over 200k+ very easily if that was done.

I don't think we will see that kind of approach very soon. Most governments want full control of their financial aspect of things. With bitcoin or other cryptocurrency, it would be hard for them to have full control. This is the reason why many governments are banning or not legalizing the use of bitcoin, because they don't have the full control of it. Some will just make a reason that it may be used for fraudulent activities, but so with fiat currency. But the difference with fiat, is that they have the full control of its circulation. Whereas, with bitcoin, they will not have the full control of it, but they can regulate the use of it.

In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin,
so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries
choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope
Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher.
So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with
certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future
all countries will accept Bitcoin.

Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something. They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable.

[Silberman]

I think the main factor of the government that helps the development of bitcoin is that currently it is not so badly prohibited from using it, even though it is not a means of payment. at least bitcoin is in the market, which is parallel to stocks, even many investors leave stocks to switch to crypto currency

That is a factor however if we begin to think about this and we imagine the opposite scenario, what would happened if they actually made bitcoin illegal? Will this stop people from using it? I doubt it, the price will go down for sure and many people will lose money and get scared but bitcoin as a concept will still be alive and well and if anything it will become more of a currency as people will use it to exchange products and services instead of being an asset which people trade which is its more popular use today.

[dimonstration]

I think the main factor of the government that helps the development of bitcoin is that currently it is not so badly prohibited from using it, even though it is not a means of payment. at least bitcoin is in the market, which is parallel to stocks, even many investors leave stocks to switch to crypto currency

That is a factor however if we begin to think about this and we imagine the opposite scenario, what would happened if they actually made bitcoin illegal? Will this stop people from using it? I doubt it, the price will go down for sure and many people will lose money and get scared but bitcoin as a concept will still be alive and well and if anything it will become more of a currency as people will use it to exchange products and services instead of being an asset which people trade which is its more popular use today.

This happens before wher many countries banned Crypto in it's earlier days. The price keeps dropping whenever there are countries who said to ban the use of crypto like exchanges as well it's implementation. But later on when Singapore, Japan and other developed countries uses crypto in their government banning seems gone and it's okay to use that makes more of adoption. Well government do really helps by not doing anything on it like stopping the banning and just letting their people use it as well by authorising some organisations to conduct crypto related work.

[Shasha80]

~

~

~

In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin,
so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries
choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope
Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher.
So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with
certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future
all countries will accept Bitcoin.

Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something. They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable.

Maybe it will take several decades for Bitcoin to be accepted by all countries in the world, because currently there are still many countries that
are not ready to accept Bitcoin. And I agree with you, some government officials must be secretly investing in Bitcoin for personal gain.
Because surely these government officials know the potential profit that Bitcoin can generate is enormous. But they do it secretly, this is one of
the advantages of Bitcoin, we don't need to give our identity to buy Bitcoin.

[fauzan Ichsan]

~

~

~

In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin,
so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries
choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope
Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher.
So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with
certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future
all countries will accept Bitcoin.

Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something. They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable.

Maybe it will take several decades for Bitcoin to be accepted by all countries in the world, because currently there are still many countries that
are not ready to accept Bitcoin. And I agree with you, some government officials must be secretly investing in Bitcoin for personal gain.
Because surely these government officials know the potential profit that Bitcoin can generate is enormous. But they do it secretly, this is one of
the advantages of Bitcoin, we don't need to give our identity to buy Bitcoin.

maybe on the one hand government officials use bad funds to invest in bitcoin and they safely keep it quietly so as not to be traced. so they strongly oppose the existence of bitcoin because it will take away their paradise in saving money and investing. This was what the central government worried about at the beginning of the bitcoin boom, because it would be used for bad things by unscrupulous government officials

[icopress]

Maybe on the one hand government officials use bad funds to invest in bitcoin and they safely keep it quietly so as not to be traced. So they strongly oppose the existence of bitcoin because it will take away their paradise in saving money and investing. [...]

Perhaps in some Western European countries it is, but if we consider the average corrupt official on a global scale, then this statement is incorrect. The thing is that the political system of most countries lags behind the leading countries of the world by 20-50 years. This is one of the reasons why such officials care little about the situation with surveillance and regulation of cryptocurrencies, since by the time the law really works, they will all be retired long ago.

[SaShiRaJaVu]

Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something.

You are bound to pay your taxes for the money you earn through cryptocurrency and there is way around that unless you are making direct cash deals which is highly risky and regulating the market means the exchanges that are run should be regulated and monitored so that they are held responsible for their actions and we wont hear about exchange owners running away with the money.

They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable.

A government can regulate the market and it is possible for them to monitor the exchanges running in their country and since all of the exchanges have mandatory KYC it is impossible to hide behind a change address. What i am trying to tell is that basically if a government wants they can control the market up to an extend especially for the transaction taking place in their jurisdiction.

[Psynthax]

doubt, i know it makes crypto in general looks a lot more legit than being left unregulated but too excessive regulation that gives strict rules to crypto users in general also could have a huge backlash to bitcoin community overall, the tax on capital gains that was proposed earlier this before this month could already shake the market into dumping about 10% you can imagine if the government trying to corner crypto users it could have bad effect overall in the long term, i prefer a not excessive regulation for crypto so it could keep cryptocurrency at the right direction while not causing burden to the people who uses it.

[tygeade]

boost in some country, not all country. some of them just take money from like tax for crypto user. they admit how strong bitcoin, but no action for future. and im not sure if they can make bigger it price from that 'policy'.

Taxation is the only way a government may benefit out of cryptocurrencies. I agree only few countries so far took positive stand against bitcoins and other cryptocurrencies but if you notice where governments are in negative stand then there bitcoin prices are soaring.

I speculate most governments will decide about their policy against cryptocurrencies when it will become too big and too strong until then they may not bother it.

i prefer a not excessive regulation for crypto so it could keep cryptocurrency at the right direction while not causing burden to the people who uses it.

I guess we cannot do anything on that. Some governments are going too ease against cryptocurrencies but most others are planning something which may be excessive regulation or may not.

[icopress]

[...]

You don't have to worry about it for at least another 10 years ... since tax control in this case will apply only to those who have passed KYC, which means that the exchanges will have to work closely with the tax authorities. Knowing this, an ordinary ordinary user will bypass such Exchanges, which of course will negatively affect their business, (you can be content with the existing tax rules, giving away a certain percentage of the assets only after conversion into the national currency).