Quote from: fuguebtc on Today at 10:25:41 AM

Quote from: Prestongold on August 17, 2023, 09:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Government regulation will determine the popularity of bitcoin and hence will affect people's demand, so it can be said that regulation is the main factor affecting bitcoin price. If all governments accept and legalize bitcoin while encouraging people to use bitcoin. I believe that will trigger a crazy bull run for bitcoin and we will even see $1 million per bitcoin. But that won't happen anytime soon as governments are still not really friendly with bitcoin, they are still wary of it because they always think its decentralization will harm their centralized system.

It's not really the "popularity" but ease of mind. Because if something is regulated and liked in a nation, there is a possibility that the same thing could be done in a longer period of time, but if we are talking about a situation where it is going to be a bit different on the long run.

I think it could be considered a bit different, and I think it is going to be a bit of deal where if it is illegal, or just not even regulated, people will fear the situation and not really go for it. This is why I believe that we need to make sure that things are a little different. Obviously it is going to take a while and we are not going to have anything that is different, it should not be considered a big deal, it should be different.