Quote from: Nwada001 on March 12, 2025, 09:40:50 PM

Quote from: Donneski on March 12, 2025, 09:01:42 PM

The recent involvement of different national governments in crypto investments will not just bring development to the crypto space but will as well increase the societal value of crypto. Before now, there's been big investors who had serious doubts in investing their fortunes in crypto but are reluctant since they're not convinced enough but the recent developments will likely convince them of the importance of crypto. These recent happenings might not have instant positive impact but with time, it'll sure have a huge impact especially in price surge

Some people actually do trust and have studied bitcoin and confirm that it's worth their investment, but anything that's not supported by the government, they consider to be very risky and don't want to get involved in it as they believe government policy can affect their investment, which is why some investors waited till the approval of ETF before they took the step of buying through ETF even as they don't hold custody of the coin; as long as they can count profit on their portfolio, they are okay with that.

Absolutely you are right, due to governments not supporting the ideal of the decentralized finances, a lot of investors has abstained from adopting it.
The real truths behind this is that they don't trust bitcoin because they believe it is not worthy to be invested on otherwise, even if the government will not take it for the overwhelming trending federal reserve as the US, they would had made it official for legal tenders.
Just like my country, the governments policing has not been encouraging for massive adoption but then individual move forth ignoring the governments attitudes towards it.