Post
Topic
Board Economics
Re: Government policies help to grow the price of bitcoin
by
justdimin
on 27/04/2021, 20:52:47 UTC
You can also add that the Turkish government recently banned the use of cryptocurrency as a means of payment. Russia is doing the same and India intends to do the same. So it's not so simple with the circulation of cryptocurrency as money.
Governments are now taking a closer look at Bitcoin and cryptocurrency in general. It is possible that if the cryptocurrency will have an impact on the global financial system in the future, then the governments will unite in order to regulate it more stringently. Some high officials are already calling for this.
Those are all examples of how governments punish bitcoin (or crypto) and not help to grow it. If we are looking for any help to grow, we can guess because there are none that is well known. For example USA is doing fine, obviously it is state by state basis and federally there hasn't been much talk aside from not banning it at least. But while some see it as great, some do not support it or do anything about it.

It means places like Ohio, Miami, Texas and California grows in number of places that work with crypto because of how supportive those places are, while others do not see it as something great, they see it as a place that basically has legal law to keep it going but that's it. Which means even if nothing on law, if someone important in any nation, a president, a minister, anyone comes out and says something nice, even that helps out a lot for bitcoin.