First they make a suggestion that it needs more regulation, or start a rumor that it will be illegal to mine, or even make a motion to pass a law restricting or forbidding Bitcoin.
People freak out, price drops, lawmakers buy.
People freak out, price drops, lawmakers buy.
I honestly don't see how you came to that conclusion. If governments did that then the bitcoin price would not reach $9000 and it would be the biggest pump and dump scheme the world has ever seen and bitcoin would die. Imagine how much money the US government has and if the US government did this scheme that you said and the government of France, Italy, United Kingdom, Germany also make this scheme... how long do you think Bitcoin would survive?
Another thing, we cannot underestimate the power of governments, if governments really wanted to end bitcoin they would be able to reduce the price of bitcoin to less than $ 500 and reduce their users, for that it would be enough for all countries in the world to ban bitcoin
Next level the regulations not just relaxed but favorable, regions with cheap electricity lure miners with favorable terms and credit, mining encouraged, trading is relaxed.
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
you are exaggerating in your imagination
Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
the government does not need to manipulate bitcoin
For example Russia and USA are making some noise about hostile legislature... What will happen next?
you should not compare russia (has dictatorship disguised as democracy) to the USA a great country that has laws and a good example of democracy. I believe that in the US there are a lot of people who are bitcoin supporters and who can influence lawmakers to create laws that are good for bitcoin. But in russia, honestly, you can't expect a good thing from that country