Why are some embracing it while others seek to regulate or restrict Bitcoin??
Your question about Bitcoin and the government is still a puzzle, until now it has not been solved and it is likely not to be solved, the government resists, precisely that Use more Bitcoin than them, very few ordinary people understand and buy Bitcoin, the most adoption is government.
For example:
Top Government Bitcoin Holders: US, UAE, El Salvador, and MoreKey Takeaways
• The U.S. government commands over $17 billion in BTC.
• Unconfirmed reports say the UAE holds over 420,000 BTC; China owns an estimated 190,000
• El Salvador’s Bitcoin buying strategy has yielded roughly $400 million in unrealized profits since 2022.
Well, whether it is a myth or facts, it is clear that the government holding Bitcoin is a fact.
Now what you think, whether the government is really against Bitcoin or just talking to frighten the clouds, them/The government actually buys in large quantities, what is like a Fairy Tale Romeo & Juliet, love clap, without the blessing of parents, I don't think so.