Am I right or wrong

[isaac_clarke22]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

I mean Bitcoin can be bought by anyone anyway. Even rich dudes in the internet are still buying it even if they're rich enough to do another investment. Surely these government entities are buying it behind the media and not a single soul can do know nor do anything about it. Here in my country, there are government entities regulating the usage of crypto when used via crypto apps or web wallets through KYC requirements which is really annoying on my own end. I am sure most of them also holds crypto anyway in the end.

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[akuntester1]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Yes I think you are right.
But maybe I think that what the government is doing more precisely is to try to regulate, not just to join.

Because in my opinion regulate and joining are very different things.
Joining in my opinion is if they are active and accept whatever is in that thing in this case "cryptocurrency" without controlling the circulation of cryptocurrency.
While regulating is that they want to do or control something in this case "cryptocurrency" in accordance with the laws and regulations in their country.

In a country, the government does have a responsibility and an important role to regulate all forms of developing economic transactions.
They must regulate any economic transactions involving their citizens, to prevent abuse in these activities.
Because if there is misuse of course there will be many impacts received and maybe it will be detrimental to the country itself.

[Queentoshi]

you can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Government is a fixed word that will always be there and used to refer to people that are in power, these people who are in the government are not the same, always changing, and apart from the established general opinion most of the government have concerning bitcoins, they have their own personal opinions that do not always align with the opinion established by the government they work under. There is every possibility that people in government while affirming the general government stance on bitcoins, quietly have done their research and know that bitcoin is good and what they should find a way to get.

[DaNNy001]

Bitcoin is not going anywhere soon and its open to anyone and any government that wants to join it. Government in many countries have banned the use of bitcoin and said its country doesn't want anything to do with bitcoin e.g china etc..

But this decision are now been changed as most government see it as lucrative means and most of them tend in even tasking in all bitcoin transaction in the country. Some people
in the government actually have alot of bitcoin there are controlling.

Bitcoin in my country was proclaimed an outlaw currency that any fiat account that has any thing to do with it will be banned. After the government gave this information they were expecting people to be in fear and run back to their fiat but instead the trading of bitcoin even got more intense and more people started their bitcoin on exchange platform like binace through peer to peer transaction.

[CryptocurencyKing]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Of course that's the saying, if you cant beat them, you join them but, don't you think that applies when it's already overwhelming?
Bitcoin is far from anything overwhelming at the moment with the adoption still at an all time low.

I like to think that, Government and its officials still believes they could end the advent of cryptocurrencies and with them yet to exhaust there schemes, its hard to join them. Join them goes for the majority and crypto investors are still the minority right now.

It would be wise for them non the less yo recognise the changing times and join us!

[decodx]

It is unlikely that governments will do this because it is also not in their interest. Why would they?
Governments will not buy an asset that can be devalued by their actions. They will always have the upper hand because they can print as much money as they want. What this means is that any "central bank digital currency" will be less of a threat to Bitcoin's dominance than most expect.

[macson]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

That sentence is very firm IMO.  who can resist the temptation to buy bitcoins when having a large amount of money, the government must buy bitcoin with various purposes - some aim to manipulate the crypto market - invest - and others. 

[kawetsriyanto]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

A perfect example of this matter is EL Salvador. The government clearly invests in Bitcoin, even the president becomes the promotor. Previously, I heard an issue that other countries may follow it, too. Unfortunately, I never heard the issue anymore during the huge decrease in BTC value currently. I assume other countries think El Salvador has failed in BTC investment.

To be honest, I don't want the government to join BTC investment. They will use their power to influence BTC price movement.
Also, I can't imagine if many governments in the world are investing in BTC, they may use BTC as a political tool to achieve their own purpose.
At the end of the day, BTC can't achieve what Satoshi wants, it is probably used in the wrong way.

Governments don't need to buy or join any of the Bitcoin movement because they can just regulate them.

Government can't regulate BTC, they only can regulate its legality, CEXs, or crypto taxes.
BTC is always decentralized, no one and no institution regulates/controls BTC movements.

[GreatArkansas]

(....)

That sentence is very firm IMO.  who can resist the temptation to buy bitcoins when having a large amount of money, the government must buy bitcoin with various purposes - some aim to manipulate the crypto market - invest - and others. 

You got a point here, but the government for sure is extremely hard on cryptocurrency because they know that they can't control Bitcoin, they will stick sure on banks which is extremely awful and that's what a lot of purposes why Bitcoin is existing, solving the current problem on traditional banking/finance.
I hope that government will not do some market manipulation just for their own good. Being strict or having regulations on cryptocurrency is already good if that's the only thing they can do for now on cryptocurrency.

[Doan9269]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

You're right to a certain extent, alot of them secretly have investment with bitcoin unknowingly to the public uet they were the once hammering regulations, this is an individual choice and they feels more secure to invest with bitcoin in hige amount that could also yield them alot of returns over time, governments itself make use of the blockchain technology to secure their data and other valuable informations ever since they realize the difference between centralized cloud storage industries and a decentralized blockchain technology.

[palle11]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

This is not about not being able to beat them because the government can not crack down on the blockchain technology, this is a fact in the surface of the earth. If they are chasing bitcoin, they are only chasing the shodows because nothing will come out of such. Bitcoin is now more than a dacade old and I'm sure this is out of the reach of government.

[YOSHIE]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

Fact, many countries want to control Bitcoin and there are governments who want to destroy Bitcoin, it's all in vain, they really can't do it just to threaten, but they can't do it.

Right now many governments want to join the crypto world and want to adopt it on a large scale because they can't beat Bitcoin for real, they can only scream, Slowly Bitcoin has become a real target for the government in investment & trade, in the future of course they will join and declare Bitcoin legitimate as a digital currency for investment and trading tools.

[Getmon]

There are currently only two states that recognize bitcoin as legal tender. They are Central African Republic and El Salvador. El Salvador has been very open about buying bitcoins. Like China, some governments have also outlawed bitcoin. However, the majority of states, particularly developed ones, have given up fighting bitcoin. They are now anticipating additional regulations. Some states have redesigned bitcoin and are creating their very own centralized digital currencies, or CBDC, as they are more commonly known.

[Agbe]

Yes there is an element of truth. The governments that have not join bitcoin will definitely join bitcoin later, because those governments, Central African Republic and El Salvador will do well with bitcoin after the dip. The popular saying from the OP is the truth. Apart from El Salvador and Central African Republic there are other countries' governments that are buying bitcoin secretly. They will come up when they stored enough to execute their projects. The developing countries would have used this opportunity to store bitcoin and use it when it is bullish.

[Inwestour]

Yes there is an element of truth. The governments that have not join bitcoin will definitely join bitcoin later, because those governments, Central African Republic and El Salvador will do well with bitcoin after the dip. The popular saying from the OP is the truth. Apart from El Salvador and Central African Republic there are other countries' governments that are buying bitcoin secretly. They will come up when they stored enough to execute their projects. The developing countries would have used this opportunity to store bitcoin and use it when it is bullish.

Many countries are investing in bitcoin and this is not always a secret investment. Some have already been able to understand the benefits of investing in bitcoin, some have yet to do that, but definitely those who were the first on this path have already been able to gain an advantage and their benefits will only increase as the price of bitcoin rises. This is an irreversible process, but we may need some more time for as many countries as possible to approve and legalize bitcoin.

[Coyster]

Right now many governments want to join the crypto world and want to adopt it on a large scale because they can't beat Bitcoin for real, they can only scream, Slowly Bitcoin has become a real target for the government in investment & trade, in the future of course they will join and declare Bitcoin legitimate as a digital currency for investment and trading tools.

I wouldn't go as far as saying many countries are itching to join the cryptocurrency industry or that they want to adopt Bitcoin so bad, if they wanted to then they prolly should have done that a long time ago. When you say they (governments) can't beat Bitcoin, you have to understand that it depends on your own definition of "beat", definitely there is no chance in hell that governments can completely ban Bitcoin worldwide, but a specific government can ban Bitcoin in her country and make it illegal, they can regulate it sternly, control centralized exchanges and stop their banks from processing transactions from crypto exchanges.

Having said that, if we are tbh, too many governments aren't interested in Bitcoin just yet, the decentralized nature of Bitcoin makes it unattractive to them, it would be difficult for many governments to make something that they can't control a legal tender, thus it might take quite a long time for mass adoption to happen.

[Adbitco]

When you talking of government is just like you and i, they are also human as well so if they can't change beat they danced to the tune of the music.
Naturally there are investors who may not want to reveal their identity but are secretly holding bitcoin, bear with me that bitcoin is open for everyone to acquire it doesn't look at anyone or government or even any agencies. So when they tried to strike and found out that the forces backing bitcoin are more to be just what they merely looking at they will have no options than to buy and follow the trend. So bitcoin has already achieved its goals only to be globally acceptable.

[Merit.s]

I agree with you that the government are secretly buying BTC individually, since they also know the benefits of BTC and want to save in crypto. Some government don't want to accept BTC because they want to control the economy and be able to track every transactions that looks suspicious in other for them to take full control of citizens financial lives.FTX was used to move government funds and bank funds,so I believe that deep down in them they are in the cryptospace.

[shawanetata]

They buy bitcoins secretly. Bitcoin is already a world asset, regardless of their attitude.

[Sakanwa]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Definitely people and government will join the moving train and one thing is certain that government will never take down Bitcoin but rather join us in the future.
I'm very new over here and hope I'm welcomed.