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Topic
Board Speculation
Re: As of now Joe Biden has btc ath under his belt when will trump take it from him?
by
Marvell1
on 25/04/2025, 13:04:26 UTC

The government's role towards Bitcoin has been more negative than positive, and here we are, Bitcoin continues to survive. Thanks not to the government but the huge Bitcoin community, so let's not misrepresent facts.

Quote
Bitcoin is just a financial market, its rise and fall depends on the cash flow of the market and the United States is the country that controls the world financial market as well as the largest market in the world. Don't deny their role and influence.
No doubt that the top world countries' actions affect Bitcoin, especially the US, because Bitcoin is paired with the greenback (BTC/USD). But has that been the reason for Bitcoin to skyrocket over the years? Heck No! Like I said, thanks to the diehard community of Bitcoin that sustained it to this time, and also attracts more adoption.
Suppose the country that bans bitcoin is not China but the US, the world's largest financial market. What would happen and what bad things would happen next if the EU, its allies and much of the world followed the US lead?
Bitcoin is what it is today thanks to its strong community, but how many people in the community are brave enough to fight against the ban to support it if the government decides to eliminate it?
Remember, the US government never banned bitcoin, if they did, bitcoin would be very different than it is now.

Look at the impact of bitcoin ETFs in the US or the idea of ​​strategic bitcoin reserves...it would never have become popular if the US hadn't initiated it.

I don't like the US but I can't deny their role and influence in every corner of the world, a small market like bitcoin is nothing.

By the way, do you remember the mixer service? Do you still see anyone mentioning it or any other service that was active on this forum after they decided to ban it?