Post
Topic
Board Economics
Re: Government policies help to grow the price of bitcoin
by
skarais
on 28/04/2021, 19:12:39 UTC
You mean people will adopt more when government regulating hits on are other ways bitcoin can be used? I guess that is not a big thing for people these days as we have lots of resources to check and innovate where we need bitcoin and how to make use of it efficiently.
Of course, if the government legalizes bitcoin as a legal means of payment, then bitcoin adoption will automatically increase. However, because several countries such as Turkey, Russia, Indonesia and several other countries still prohibit it, bitcoin adoption there is hampered. But because bitcoin doesn't just function as currency, it's still possible for us to profit from trading.

I guess most people will get to know bitcoins when governments start talk about it; yeah that is kind of situation in my country at least. Where people are lagging with latest technology, government policies make people to know what are happening in technological world.
True, at least the government and its opinion about bitcoin have brought a lot of people here.