Quote from: usekevin on August 24, 2023, 11:02:27 PM

Quote from: Wimex on August 24, 2023, 09:54:09 PM

The fact that the adoption of bitcoin can influence its price may not yet be so evident, since there are very few countries that have accepted this asset and have allowed it to circulate legally, in addition to the time to analyze and drawing a conclusion is still very minimal, therefore, it is possible for some to think that the regulation of this currency does not have any noticeable impact on the price, but if we start to think about everything we have learned since the creation of bitcoin, we will realize how important it is that this continues to happen around the world, for the simple reason that bitcoin moves positively when there is a considerable flow of users using it, buying it and even storing it, which can cause the rises to come back to historical values, of course there may be other factors that can help this to happen... but i still think that if more people put their eyes on btc and realize its potential, everything will flow more quickly.

The new country start to adopt the bitcoin,because they learned how important is bitcoin to their economy.The new countries legalising the bitcoin to get taxes from from the trading made by their citizen.When the country people start to earn without paying taxes,after research the government of that country start to legalised it.After legalised mostly that country will start their own cryptocurrency to make sure they want additional income from the country own digital currency to the crypto traders.

They can put taxation on the trading without even legalizing it because if you sell and get money in your accounts it will be treated as income so they will get tax from you so it will be much beneficial for them to get more money as tax if they legalize it or put regulations in it but their own digital currency would be of no much use in my opinion.