Post
Topic
Board Bitcoin Discussion
Re: Would it be good for bitcoin if the government is buying?
by
Nwada001
on 05/05/2025, 00:11:57 UTC
Now the question is -- is that really what we want to see?

And more importantly, will ordinary people still benefit from it?
We planned for massive adoption and wished for global recognition but not for the government to get fully involved and try to overthrow the early birds; one thing they are in for is nothing more than to make profit out of bitcoin; it's not far from that, and holding a larger sum if they continue to accumulate means they will hold the power to control the price in their hands.

Will ordinary people benefit from it? Those ordinary people who already own and hold Bitcoin can benefit from the price increase when the government fully gets involved and will also suffer when the government wakes up one day and decides to crash the market.

If all country governments decide to partake and spend billions from public funds to acquire Bitcoin, it will eventually take the price to the top, where it could finally be considered to be expensive compared to how much some think it is right now, but the good thing is anyone will still be able to afford Bitcoin, but not up to the amount they might be aiming for due to their financial position.