Post
Topic
Board Bitcoin Discussion
Re: Trump confirm Bitcoin reserve plans
by
Mpamaegbu
on 15/12/2024, 04:39:06 UTC
Bitcoin reserves is a smart move for the government but there's a two-way effect of this move on bitcoin.

1. Price go up.
2. Decentralization goes lower.
Definitely, there's always a price to pay for "civilization". That should be one of it for Bitcoin. Government comes into something and uses it to its advantage. That which was the original purpose of creating Bitcoin by Satoshi will somehow be defeated. At the moment, no one wants to care. All we want is to see price increase. Perhaps, later we talk about the effect of what the US and other governments want to do. I guess that's the attitude now.

Quote
Amazing time to be alive. I was here when governments fought bitcoin as hard as they good. Feels really good to see them lose that fight.
It's a classical case of, "If you can't beat them, you join them" that's playing out.