Quote from: Ever-young on November 11, 2024, 03:18:45 PM

Quote from: mateofurtado on November 11, 2024, 02:15:50 AM

Quote from: NewageofBTC on November 09, 2024, 03:49:48 AM

1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

This was never one of the plans for Bitcoin. We all need the value to go up over time, but we don't need the price to be easily manipulated because that's what's going to turn out to be the moment the US government starts buying and reserving bitcoin.

They will have big power over price control; buying it will contribute to increasing the price of bitcoin, and when ever they want to shake the market, news of planning to sell their holdings will dump the market. I don't think any Bitcoin enthusiasts will ever be in support of such.

The way Bitcoin will be perceived will change entirely over time once the government starts taking it very seriously, like they do with other stocks and properties. Let them leave Bitcoin for institutional investors and individuals and focus on what they use as reserve gold, etc. It's not safe for too much power to control the price of Bitcoin to be in the hands of the government.

Yeah, I too think it will end in no good for a common enthusiast, for example.
Because more attention from the government means more attempts to control the flow of BTC or how much of it is held by a single entity.
Or a multitude of entities that would be in good regard with govs.