I have been thinking about some of the things that happened this year as they relate to Bitcoin and what could possibly happen next year. One thing that that filled my imagination is the reaction of other countries should the US start accumulating Bitcoin based on the promises of President Donald Trump. If this happens, chances are high that nations will be dragging who will hold more because no one wants to be left behind. Imagine what this will do to the price of a Bitcoin.
I do not like this idea of the government having a say on how the price of Bitcoin is going to be moving because I think when the US government begins to buy and other governments follows which is what is going to happen, they will begin to want to control the market and since they can not control the supply and demand directly, they will want to use news and policy to continue the market. The government getting involved very actively in Bitcoin is not going to be good for the market and that is why I wished the government let go and focus on other aspects to let the market grow genuinely without any input from them. The proposal is a good one but we should not only look at the advantage but also the disadvantages so we do not lose the independence that we have with investing in Bitcoin.