Will government recognition kill cryptocurrency or boost!

[carlfebz2]

-snip-

Bitcoin or other digital currencies have a rebellious image because they are outside of government control. But when it comes under government regulatory agency, Bitcoin will no longer have that rebellious image. And will be counted as one of the ten institutional investment sector.

Bitcoin cannot be controlled by any party, meaning that even if Bitcoin is recognized and regulated, even though that is impossible considering that Bitcoin cannot be controlled by any party, Bitcoin will still run as a system.
Bitcoin spot ETF is one of the institutional recognition that can provide an answer to observe how Bitcoin is positioned.
Bitcoin is not a rebellion but a government that has rejected the Bitcoin system since it was created.

But somehow it does really give out that kind of effect on the time that institutional involvement had come through into this market on which it is really that making out that relevant effects on whatever
sentiments that could float around on which we know that it isnt really that something that we could really be able to stop and cant be able to deny that it could already give out those kind of effects
on which this is something that could really give out that significant relevance but somehow we do know that it cant be completely be able to dictate on how this market would really be moving on.

Come to think that we've been independently be able to move out with those government or institutional funds been getting involved with and now that they dive in
into this market doesnt mean that they would already have that kind of control on which we know that it cant really be just that possible i should say.
They can influence it out but controlling 100%? its impossible.

[1715197073]

1715197073

[1715197073]

1715197073

[_BlackStar]

Over time - governments will eventually support bitcoin instead oppose it. Governments will certainly create competition with bitcoin as a currency - but governments are coming up with fully centralized CBDCs. Regulation will not kill bitcoin as long as the government still legalizes investment and trading - but if the government is united in banning everything related to bitcoin, then bitcoin's dominance will likely collapse.

Increased competition in the market will make bitcoin increasingly popular and widely adopted - but if governments insist on not legalizing it as a currency, then bitcoin will have no better growth than the volatility of its value being exploited. The technology built into bitcoin will be useful - the average user loves it, it's the financial privacy centralized banking customers should have had so far.

[Kemarit]

-snip-

Bitcoin or other digital currencies have a rebellious image because they are outside of government control. But when it comes under government regulatory agency, Bitcoin will no longer have that rebellious image. And will be counted as one of the ten institutional investment sector.

Bitcoin cannot be controlled by any party, meaning that even if Bitcoin is recognized and regulated, even though that is impossible considering that Bitcoin cannot be controlled by any party, Bitcoin will still run as a system.
Bitcoin spot ETF is one of the institutional recognition that can provide an answer to observe how Bitcoin is positioned.
Bitcoin is not a rebellion but a government that has rejected the Bitcoin system since it was created.

I think with the approval of no less that the US SEC with regards to Bitcoin Spot ETF, it will have a big effect on other countries too, at least it will be recognized as somewhat a "legal entity" now, as it's used to be in the gray area for US and many countries. Now it's very clear that maybe they didn't say by law that Bitcoin is now being recognized by them, but it's easy to read between the lines.

And with that, I think it's a big boost to us, as it could have domino effects to the financial watchdogs around the world. Although there are still countries that is going to opposed it, but there is a clear message that Bitcoin can't be stop and here to stay for good.

[Nothingtodo]

Bitcoin If all the governments of the world get together and play a very aggressive role, then it is possible for the government to destroy Bitcoin, but not all the governments of the world will play an aggressive role to destroy Bitcoin in this way. Bitcoin will never be under the control of the government and central bank, so no government and central bank will recognize bitcoin easily. But the government has an important consideration on Bitcoin What will not give a negative view is that millions of investors of a country have already invested and held on Bitcoin, so if the government of a country has an aggressive negative impact on Bitcoin, then what will be the investment of millions of investors of that country. Governments do not give a negative view on Bitcoin without considering various issues and central banks too Not opposed to Bitcoin.

[tygeade]

Will definitely boost but it will kill the retail investors or even the possibility of the prices going back to cheaper prices, with a lot of government adopting crypto, there's a high chance that they're going to inject a lot of money on it to make sure that they're investment are going to worth it and they would make sure to pump it continuously for as long as they can because they want to make sure that they're not going to be affected by the volatility thus ends up with the crypto that's going to be adopted by the country to not go lower at such a drastic level.

The reality is that there are way too many people who are looking for a proper regulation whereas there aren't same amount of people who would be willing to completely pull out of crypto world if they do. I mean if you are the type of person, who hates government, would you just move to monero or something like that when that happens or would you just move to banks?

I mean banks are already bad, so you will be either pure cash or just crypto. Whereas there are so many people who want more and more regulations before they join. One of the reasons why ETF is being expected so much as well, because that will make things better. That has to be one of the most important parts of the crypto world, it only gets better and better.