I'm partly of the idea that government shouldn't enter into the business of investing. Every penny that the government has should be spent. Whatever the government has should be used to serve and invest in its people. It isn't their business to make money. It's their business to look after the welfare of the people.
Yes, you are right or it is not right for the government to enter any business on its own it will not be right because when the government finds a system to invest in its own business then it will be for itself. The government of a country never has a chance to look at itself alone because its work is about the country and the people of the country. The government will always see everything that is beneficial to its country as a profit for its investment this is right but it will not be right for it to invest alone in any business field.
However, many countries have investment funds, sovereign funds, wealth funds, or whatever you call it. If they have such, why can't they indeed invest in BTC?
Despite having funds they are not able to invest because they haven't been able to trust
BTC till now. If they had understood that there is trust in
BTC then maybe they would not have kept their funds like this they would have invested them. Maybe they are waiting for something more positive towards
BTC if they see something more positive about Bitcoin then maybe they can be expected to move towards investment.