Post
Topic
Board Bitcoin Discussion
Re: Bank & Government Crypto
by
TheUltraElite
on 03/05/2021, 06:13:31 UTC
With Bitcoin, the government of a country and the central bank of that country make a very important contribution.  If a country's government and central bank accept Bitcoin in a friendly way, then Bitcoin will be considered as an important asset of that country.  But now it seems to be the opposite.
That would be a huge bullish push to bitcoin even if one country does it for now and then more will follow suit and the biggest rise in bitcoin price will happen. But that is still a long way to go, currently only institutional investments are coming in and that too Musk is selling coins when they want to.

Another justifications such as crypto being a safer and faster payment method don't make sense, because our national currencies are already very safe and fast when doing virtual payments, due to their centralized nature and system.
I dont think they are concerned about safety, they are more concerned with the money laundering. Point is that both fiat and crypto are used for money laundering and at least in crypto these criminals can be caught. More if the country starts its own stablecoin. Already digital payments are on the rise and if they add in stablecoins then it will be a boost for them. But maybe that will delay the acceptance of bitcoin to some extent.