Post
Topic
Board Bitcoin Discussion

Re: Would it be good for bitcoin if the government is buying?
by
melinoe
on 05/05/2025, 10:24:42 UTC

I wish government weren't involved in buying Bitcoin but big institutions. It seemed Satoshi was against the way government ran its finances and that informed the need for his creation of Bitcoin to beat out middlemen and banks out of the system. However, we can't say we want to achieve mass adoption quickly if we think government won't step into this industry. Government has to bring in regulation to strengthen the industry and then restore confidence in investors. Without that, the whole skepticism around the industry, its unabated volatility, scam and hacks will control to scare investors away from it. In a way, this industry needs the government for its growth and adoption.

It was inevitable.

But in any case, it wouldn't diminish BTC's path to new heights and new ways of adopting it.

To progress is to leap ahead of big institutions and go forward.