Buy Bitcoin before the banks and governments do

[UmerIdrees]

I think governments would buy Bitcoin for the same reasons they hoard gold. While they cannot control the network, they can manipulate the price if they buy massive amounts of Bitcoin and then sell it. While those of us who HODL and believe in Bitcoin as a means of freedom will be undeterred, it can cause panic and make a CBDC look appealing to those who don’t understand what Bitcoin really is.

If Government would by btc they would have done so long ago, not now that the price is high (even though money is not an issue in their case) their action will only inflate the price, what will they gain by increasing the price only to manipulate it?
Between if you are referring to government in the whole world, don't forget btc only has 21 million and not all in circulation yet, and imagine government from all over the world decide to buy btc! 

Don't know about the governments but institutions and big investors/whales are already accumulating bitcoins. Most of these investors will not declare that they have bitcoins in their portfolio. Who knows governments of countries like China, who publicly discourage the use of bitcoin, may be accumulating bitcoins too.

For people like us, low prices like 16,000$ or 17,000$ is a good price to buy bitcoins. We do not know the exact bottom of this bear market, but we should keep on doing the dollar cost average and keep investing in this phase.

[Adbitco]

Alike with the idea of centralization? that won't be as easy as that. If ever governments are about to buy Bitcoin, then they would be investors, which makes it impossible. Their only goal is to tax transactions which are more likely through third party wallets, apps, or even exchangers. Governments who'd buy cryptocurrencies will be in huge loss and the point of doing so is just weird. Unstable market value, decentralized nature; being untaxable if by direct transactions,; which are characteristics they won't like, I guess. To countries wherein cryptocurrencies are being widely used, they did not need doing such thing to adapt this technology.

Have you ever come to think that is possible for them to do so, irrespective that their main aim is tax and have full control over the CEX, monitor transaction and have full control over cryptocurrency?
Yes this is very certain that even government official would definitely buy bitcoin but one thing you should note is that they won't come to air to announced about their purchased of bitcoin rather, they would secretly buy and hold expecting to make some decent profit from it.
When we talks about Government who are they? These are sets of people or group persons set to govern a particular country, state and communities even a region. Naturally individual from the body can arose to acquire bitcoin without the entire body or system knowing about them so it's very possible.

[Gallar]

That's where the bank's shortcoming is, actually it's not the bank's fault entirely, but it's the people who work at the bank who must be educated, because they run the system and they manage everything.
so actually what needs to be fixed is the bank employee and the bank owner.
because the bank's vision and mission are very good, but many violate these rules, so the bank's name is tarnished unfavorably.

[KingsDen]

Banks and governments buying BTC may never be a world wide thing, there may be some governments that would hoard BTC for their own reasons we may never know of, but that number will be very small and of little importance. Think of it, with the problem of inflation and other critical economic problems plaguing many nations, most of them living in poverty and can't provide anything for their citizens, buying BTC should almost be off the cards for them.

One thing about bitcoin is that it can be owned anonymously that is to say, government might own bitcoin, individual may own it and institution also might buy bitcoin without your knowledge. That is why I don't take the Fight of government against bitcoin so seriously they might be fighting before the media but behind the scene they are buying bitcoin seriously .

The only problem they have with bitcoin is that they cannot manipulate and /or influence it and that is why they are trying everything possible to centralise the usage of Bitcoin in order to censor some type of privacy that is embedded in Bitcoin

[cabron]

Banks and governments buying BTC may never be a world wide thing, there may be some governments that would hoard BTC for their own reasons we may never know of, but that number will be very small and of little importance. Think of it, with the problem of inflation and other critical economic problems plaguing many nations, most of them living in poverty and can't provide anything for their citizens, buying BTC should almost be off the cards for them.

One thing about bitcoin is that it can be owned anonymously that is to say, government might own bitcoin, individual may own it and institution also might buy bitcoin without your knowledge. That is why I don't take the Fight of government against bitcoin so seriously they might be fighting before the media but behind the scene they are buying bitcoin seriously .

The only problem they have with bitcoin is that they cannot manipulate and /or influence it and that is why they are trying everything possible to centralise the usage of Bitcoin in order to censor some type of privacy that is embedded in Bitcoin

They already are buying. If institutions are already in crypto then banks are already accumulating for thier balance sheet. When JPM said they are hedging using BTC, it already signals everyone in the finance world that BTC will be a lot useful for them.

Authorities are seizing BTC which means they consider it to have value also. They even auctioned it which Tim Draper got. Its damn sure banks and governments are already trying to get more BTC but discreetly unlike El Salvador.

[laurenB7742]

Banks and governments buying BTC may never be a world wide thing, there may be some governments that would hoard BTC for their own reasons we may never know of, but that number will be very small and of little importance. Think of it, with the problem of inflation and other critical economic problems plaguing many nations, most of them living in poverty and can't provide anything for their citizens, buying BTC should almost be off the cards for them.

One thing about bitcoin is that it can be owned anonymously that is to say, government might own bitcoin, individual may own it and institution also might buy bitcoin without your knowledge. That is why I don't take the Fight of government against bitcoin so seriously they might be fighting before the media but behind the scene they are buying bitcoin seriously .

The only problem they have with bitcoin is that they cannot manipulate and /or influence it and that is why they are trying everything possible to centralise the usage of Bitcoin in order to censor some type of privacy that is embedded in Bitcoin

They already are buying. If institutions are already in crypto then banks are already accumulating for thier balance sheet. When JPM said they are hedging using BTC, it already signals everyone in the finance world that BTC will be a lot useful for them.

Authorities are seizing BTC which means they consider it to have value also. They even auctioned it which Tim Draper got. Its damn sure banks and governments are already trying to get more BTC but discreetly unlike El Salvador.

I believe that has been going on for a long time, not just the beginning. Many people say that countries ban bitcoin and oppose it because they know nothing about it, but I think they know more about bitcoin than we know. On the one hand, they openly attack because they don't want many people to own it, on the other hand, they buy it silently because they know the potential of bitcoin cannot be ignored.

Whether it is a government or a bank, their end goal is the same as ours, which is profit, so they will not pass up a profitable opportunity like bitcoin. People who openly hate bitcoin are the people who buy bitcoin every day, IMO.

[klidex]

I think governments would buy Bitcoin for the same reasons they hoard gold. While they cannot control the network, they can manipulate the price if they buy massive amounts of Bitcoin and then sell it. While those of us who HODL and believe in Bitcoin as a means of freedom will be undeterred, it can cause panic and make a CBDC look appealing to those who don’t understand what Bitcoin really is.

If Government would by btc they would have done so long ago, not now that the price is high (even though money is not an issue in their case) their action will only inflate the price, what will they gain by increasing the price only to manipulate it?
Between if you are referring to government in the whole world, don't forget btc only has 21 million and not all in circulation yet, and imagine government from all over the world decide to buy btc! 

Don't know about the governments but institutions and big investors/whales are already accumulating bitcoins. Most of these investors will not declare that they have bitcoins in their portfolio. Who knows governments of countries like China, who publicly discourage the use of bitcoin, may be accumulating bitcoins too.

For people like us, low prices like 16,000$ or 17,000$ is a good price to buy bitcoins. We do not know the exact bottom of this bear market, but we should keep on doing the dollar cost average and keep investing in this phase.

Yes it definitely happens, An investor will definitely hide that they hold some bitcoins for security and also avoid excess taxes.
We don't know how many bitcoins are held by each investor, it is clear that right now the total supply of bitcoins is starting to run low and we don't want to run out or be left behind buying bitcoins before the circulation is completely exhausted and the market returns to a bull run.
Even though it's only a small amount, we still have to start being consistent to continue making purchases. That way, it doesn't feel like in a short period of time we can collect and invest in bitcoin.

[crunck]

I think governments would buy Bitcoin for the same reasons they hoard gold. While they cannot control the network, they can manipulate the price if they buy massive amounts of Bitcoin and then sell it. While those of us who HODL and believe in Bitcoin as a means of freedom will be undeterred, it can cause panic and make a CBDC look appealing to those who don’t understand what Bitcoin really is.

If Government would by btc they would have done so long ago, not now that the price is high (even though money is not an issue in their case) their action will only inflate the price, what will they gain by increasing the price only to manipulate it?
Between if you are referring to government in the whole world, don't forget btc only has 21 million and not all in circulation yet, and imagine government from all over the world decide to buy btc! 

Don't know about the governments but institutions and big investors/whales are already accumulating bitcoins. Most of these investors will not declare that they have bitcoins in their portfolio. Who knows governments of countries like China, who publicly discourage the use of bitcoin, may be accumulating bitcoins too.

For people like us, low prices like 16,000$ or 17,000$ is a good price to buy bitcoins. We do not know the exact bottom of this bear market, but we should keep on doing the dollar cost average and keep investing in this phase.

I believe governments are still quietly buying bitcoin, they just can't make it public, and with governments managing a centralized monetary system, they can't openly support a decentralized currency like bitcoin. But given what bitcoin will bring to the future, they've certainly seen it and they won't want to overlook it. I believe governments have been quietly accumulating bitcoin just like other valuable assets.

[kamvreto]

~snip~Whether it is a government or a bank, their end goal is the same as ours, which is profit, so they will not pass up a profitable opportunity like bitcoin. People who openly hate bitcoin are the people who buy bitcoin every day, IMO.

when talking about the government and the bank it will concern the many people who are in the government and the bank. Those who are members of it or can be called government officials or banks might buy some bitcoins and hold them secretly. they all definitely want to benefit because they see the great potential in bitcoin in the future. The strict government may blatantly reject bitcoin, but those unscrupulous will become part of the anonymous and unnoticed bitcoin investors.

[Oneandpure]

How much percentage possibility about Government and Bank want to adopt or investing in Bitcoin? trough have been 8 years Bitcoin have been present in public investment still less interested from several countries and Bank for investing in cryptocurrency and Bitcoin. I don't said with Bank not excited for investing in Bitcoin but many regulation disallowed from some countries won't adopted Bitcoin as legal currency transaction and have competitive way choosing Bitcoin for saving money than used Bank.

Later will have another viewed about Bitcoin from illegal become legal currency transaction depending possibility getting taxes due huge transaction amount of Bitcoin in daily day, exactly when Bitcoin at bullish moment.

[Russlenat]

Banks and governments buying BTC may never be a world wide thing, there may be some governments that would hoard BTC for their own reasons we may never know of, but that number will be very small and of little importance. Think of it, with the problem of inflation and other critical economic problems plaguing many nations, most of them living in poverty and can't provide anything for their citizens, buying BTC should almost be off the cards for them.

But we don’t hold assurance of that, as most of the government officials are greedy and would want to take advantage on every asset that gains highly valuable, and bitcoin is not an exception. So we should not be totally carried away when they say avoid bitcoin because it will only put us into misery and debt, because the truth is those big whales in the crypto market are actually the big officials in the government that have invested huge amount for their own satisfying profits.

[MinoRaiola]

Really governments buy? Or the people themselves who are active in such levels. I hope the people, and don't forget there are at most 21,000,000 (less) Bitcoin and 8,045,000,000 people in the world and more every day. Then add up the Bitcoin from Microstrategy and all the Exchanges and there are not many BTC left. A Russian president: "The Bretton Woods system will collapse. The euro and the dollar will fail“. In 3-5 years I would very much like to see it today, and what the money is worth and how Bitcoin stands.

[romero121]

Long back itself there is issue stating that banks have made confidential investment over bitcoin and other cryptocurrencies. These investments could affect the decentralised functioning of the network. Already centralized bodies have made a big down turn as well as caused more negativity over the market and bitcoin. We need to be very careful in handling every market condition and accumulate as much possible to enjoy the best before the financial service providers does.

[Popkon6]

"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." - Satoshi Nakamoto

https://www.politico.com/newsletters/digital-future-daily/2022/11/22/harvard-paper-to-central-banks-buy-bitcoin-00070552

Countries where cryptocurrencies are legal must be government investors or investors.  Because if the government declares Bitcoin legal, it will accept this decentralized currency.  Because the government can get huge dividends from this if it invests at the right time.  Will face loss again.

Not only the government here but the government in almost every country in the world has bought some Bitcoin.  Because if Bitcoin is legalized in the country then the government can invest in Bitcoin publicly.  And if the decentralized currency Bitcoin is illegal in the country, the government invests secretly.  As bitcoin is illegal in our country but we as citizens are investing in bitcoin.  So I think people of all countries do this.

[Pandu Geddon]

How much percentage possibility about Government and Bank want to adopt or investing in Bitcoin? trough have been 8 years Bitcoin have been present in public investment still less interested from several countries and Bank for investing in cryptocurrency and Bitcoin. I don't said with Bank not excited for investing in Bitcoin but many regulation disallowed from some countries won't adopted Bitcoin as legal currency transaction and have competitive way choosing Bitcoin for saving money than used Bank.

Later will have another viewed about Bitcoin from illegal become legal currency transaction depending possibility getting taxes due huge transaction amount of Bitcoin in daily day, exactly when Bitcoin at bullish moment.

one day we will see that. currently, there are still many countries that have not legalized Bitcoin as a legal means of transaction. several countries legalize the ownership of Bitcoin as an asset. it shows the government knows the huge potential of full-blown Bitcoin adoption. now more and more the world market knows Bitcoin. either their response is positive or they see it as a threat. but in the future, this market will no longer be hindered by regulation.

[Poker Player]

I think governments would buy Bitcoin for the same reasons they hoard gold. While they cannot control the network, they can manipulate the price if they buy massive amounts of Bitcoin and then sell it. While those of us who HODL and believe in Bitcoin as a means of freedom will be undeterred, it can cause panic and make a CBDC look appealing to those who don’t understand what Bitcoin really is.

I think this is something I also think, and I think you are not the first to comment on the forum, but with 19,246,875 Bitcoins mined, some millions of Bitcoins lost, and the holders that we have, I think that if that were the case, the influence they could have on the price would be less than with gold, although yes, they could influence.

One thing about bitcoin is that it can be owned anonymously that is to say, government might own bitcoin,...

They already are buying.

I also think so. Without knowing for sure, Bitcoin purchases could have started.

[Minor Miner]

Banks and governments buying BTC may never be a world wide thing, there may be some governments that would hoard BTC for their own reasons we may never know of, but that number will be very small and of little importance. Think of it, with the problem of inflation and other critical economic problems plaguing many nations, most of them living in poverty and can't provide anything for their citizens, buying BTC should almost be off the cards for them.

But we don’t hold assurance of that, as most of the government officials are greedy and would want to take advantage on every asset that gains highly valuable, and bitcoin is not an exception. So we should not be totally carried away when they say avoid bitcoin because it will only put us into misery and debt, because the truth is those big whales in the crypto market are actually the big officials in the government that have invested huge amount for their own satisfying profits.

Yes, there is no guarantee what they say is true, people being poor doesn't mean the government will be poor too, I have never seen a poor government, even if it is a default country. Don't believe what we see from them, they are human too, what we see from bitcoin, they will also see, the potential of bitcoin is impossible to hide.

I am not sure if the whales in the market are government officials, but I also believe that there are some governments that are banning their people from buying bitcoins, but they are still sneaking to own bitcoins. Bitcoin is a valuable asset like gold, so they won't ignore it. Also, it's anonymous, so we can't assume they won't buy it.