Post
Topic
Board Economics
Re: Government policies help to grow the price of bitcoin
by
XCANA
on 03/08/2021, 22:07:31 UTC
what do you think

You're going to have to offer some examples on this. I'm not sure what you're getting at, there are too many ambiguities. Perhaps you could link to some direct legislation and explain their effects?

For instance, Nigerian government made a recent policy that band  crypto currency and its usage in the country,they even went to the extent of blocking all accounts that have ever engaged in crypto transaction but what did that lead to,it made it to be scarce in the country and all those who had it inflated there prices by adding additional amount to it and it became the most sought after crypto and its only sold on peer to peer level now

You should have use Nigeria as a case study in your initial submission and not to generalized the whole issue so that one will know how to respond your submission. If the Nigeria Government are serious about banning Bitcoin or crypto currency in their country I believe they should take more drastic measures more than what they just did, for they know what to do I believe. Well, their current action has made Bitcoin and other crypto currency scarce and scarcity creat value if you still remember you high school Economics.