Post
Topic
Board Bitcoin Discussion
Re: How will other nations respond to US Bitcoin reserve proposal?
by
Iranus
on 12/12/2024, 10:15:02 UTC


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.
I want to tell you: we can only discuss and see how things go, we have no right or way to stop if the government wants to do that with bitcoin. So let's not discuss and worry about what we cannot change, instead, let's adapt to that change.

I believe everyone knows the disadvantages that governments can cause to bitcoin but most understand that there is no way to stop governments from doing so. That is why you will not see anyone talking about the disadvantages but only focusing on the advantages it can bring.

Similar to you, do you have any suggestions to stop the government from intervening and buying bitcoin?