Post
Topic
Board Economics
Re: Government policies help to grow the price of bitcoin
by
BuNga_cute
on 28/04/2021, 22:54:25 UTC
Snip---

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.
if the government has discussed BTC, it means that the national media, both printed and electronic, will definitely highlight it. of course this will increasingly reach many people, and more and more people will know about cryptocurrency.
the good news, if the government supports cryptocurrency trading it will have a positive impact, on the contrary if there is a related ban it will usually cause a decline, especially if the news is issued by an influential country.

Of course the government's decision will have a big effect on the price of Bitcoin, as you have said if it turns out that the government supports cryptocurrency and reported by many media. So I believe the Bitcoin price will go up very high, because it will make a lot of people more confident
about investing in Bitcoin. And some people who are not familiar with Bitcoin, will slowly start learning Bitcoin and there will be a very fast
mass adoption. The role of the government is indeed important to make the Bitcoin price go up very high, therefore I hope all countries can
accept cryptocurrency. But the fact is that now there are still some countries that reject cryptocurrency.