Re: Would it be good for bitcoin if the government is buying?
I think the real question is, will the government actually buy Bitcoin aggressively?
They might treat it as a reserve, but that’s probably just a move to fight inflation. I don’t think they’ll go all in.
Governments usually profit more when they invest in things they control. Bitcoin’s a different story as nobody controls it, and its price is unpredictable. That kind of risk isn’t something governments like to gamble on. So, no need to worry as there’s still room for all of us to invest and hope for a bright future, like $1 million per Bitcoin… or even higher.
They might treat it as a reserve, but that’s probably just a move to fight inflation. I don’t think they’ll go all in.
Governments usually profit more when they invest in things they control. Bitcoin’s a different story as nobody controls it, and its price is unpredictable. That kind of risk isn’t something governments like to gamble on. So, no need to worry as there’s still room for all of us to invest and hope for a bright future, like $1 million per Bitcoin… or even higher.
Agreed.
Due to the fear they have, they won't use what they really have - only the sums that would be small enough to let all the other players and BTC-oriented companies be ahead of them, for the time being for sure.