Quote from: Gracejoy on Today at 07:20:23 AM

Quote from: TungTresa on December 06, 2022, 12:43:29 PM

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Government can't never support bitcoin become it's decentralised technology, Bitcoin has given the citizens the ability to control their assets in a private manner, making difficult for government officials to regulate money and people worth.

True. It's hard to understand how can government accept and adopt Bitcoin when it was made for people to be used without the government involved in it.