Big country grab Huge btc day by day, It's not bad for btc ecosystem?

[arzuo]

Bitcoin is making its way into America, with Texas allowing direct crypto purchases under new legislation, and its (US) Bitcoin reserves are growing by the day.
It's clear that they see a bright future for it.

 Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

[Ziskinberg]

Bitcoin is making its way into America, with Texas allowing direct crypto purchases under new legislation, and its (US) Bitcoin reserves are growing by the day.
It's clear that they see a bright future for it.

 Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

China isn’t really pro-Bitcoin, even though they’re holding a huge portion of it from past confiscations. So I wouldn’t expect them to join the party anytime soon. But even if they don’t, it’s already enough that other major countries are starting to accumulate Bitcoin for their reserves. With limited supply, there’s only one direction the price can go.... and that’s up.

[Evergreenpost]

Bitcoin is making its way into America, with Texas allowing direct crypto purchases under new legislation, and its (US) Bitcoin reserves are growing by the day.
It's clear that they see a bright future for it.



This is good news. That shows that Bitcoin is a thing of value if people and institutions in the big city are now massively accepting Bitcoin. It shows that BTC's future is already bright.

 Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

A positive effect will be total adoption, and it will motivate countries that are still doubting BTC to also want to join the race. Negative effects may arise if powerful countries like China and the USA massively adopt it. My view is may be the law of demand may apply, i.e., the higher the demand, the lower the price of it.

[Oshosondy]

Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

If more countries are buying bitcoin, this will make bitcoin scarce and the price will increase. If countries like China and United States are buying it as a reserve, the price will increase. Or you are thinking that they may want to sell all of a suddenly? I do not think so. Have you seen an asset like that before, that a country will buy and sell all off at once? They made their research before buying it.

[nemesis_incarnate]

The effect would be a good one in the long term for BTC.

Surely, - nobody can prohibit any country from buying more of BTC, thus, those that will be able to do so - will do it.

[xzone]

Bitcoin is making its way into America, with Texas allowing direct crypto purchases under new legislation, and its (US) Bitcoin reserves are growing by the day.
It's clear that they see a bright future for it.

 Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

China isn’t really pro-Bitcoin, even though they’re holding a huge portion of it from past confiscations. So I wouldn’t expect them to join the party anytime soon. But even if they don’t, it’s already enough that other major countries are starting to accumulate Bitcoin for their reserves. With limited supply, there’s only one direction the price can go.... and that’s up.

Both big and small countries are currently investing in bitcoin, this is the most logical investment to make in the long term. I think China will keep the bitcoins it has for many years, they may seem to be against cryptocurrencies right now so that their own economy does not deteriorate, but I am sure they will think very differently in 5-10 years.

If they want to have the largest economy in the world when a world war breaks out, they have to take logical steps. I am sure they are making plans for this, even if secretly. It will not be easy to surpass America, they are starting to gain economic strength right now, but they are still not at the top

[purple_sparkles]

Both big and small countries are currently investing in bitcoin, this is the most logical investment to make in the long term. I think China will keep the bitcoins it has for many years, they may seem to be against cryptocurrencies right now so that their own economy does not deteriorate, but I am sure they will think very differently in 5-10 years.

If they want to have the largest economy in the world when a world war breaks out, they have to take logical steps. I am sure they are making plans for this, even if secretly. It will not be easy to surpass America, they are starting to gain economic strength right now, but they are still not at the top

The economic war for global dominance between the USA and China began long ago, it's just not openly discussed. Economy, technology, weapons, and global influence are what each of these countries strives for. Bitcoin could become one of the tools for achieving global superiority, at first, this may lead to a rapid price surge, and later  to price stabilization. In that case, we might no longer see sharp price fluctuations.

[ultrloa]

Bitcoin is making its way into America, with Texas allowing direct crypto purchases under new legislation, and its (US) Bitcoin reserves are growing by the day.
It's clear that they see a bright future for it.

 Won't it effect btc ecosystem If any big country (China , USA)  reserve huge of bitcoin?

China don't want Bitcoin for now so don't get threaten on them since provably that for now they are out of scope. But US maybe there's some effect on the ecosystem especially if they became the largest Bitcoin holder country in the world since they have this manipulation tendency and they do it for so many times on any aspects so provably that there's good chance that it will happen on Bitcoin to.

But hopefully we won't see a worse case scenario when they try to do that and we can still use Bitcoin then see its good growth. No one can tell about what future could bring so what I can suggest to people is they should prepare for negative possibilities and focus on learnings so that they won't get fooled by any possible manipulation attempts made by this country or even with other entities.