Re: Would it be good for bitcoin if the government is buying?
Good question.
Probably, no coiners will not have any benefit from this. Big expenses made by governments doesnt mean big advantage for people.
Unless they are part of some entity that in some way is actually buying bitcoin for the "public wealth" (likewise state pension funds).
Otherwise it will be just a wast of public resources since the benefit is not for "the people" but maybe for the magic people that stay on the top of the pyramid.
People that have already bitcoin they have immediately an advantage, but bitcoin could follow his path even without this "nation race" for adoption.
Probably, no coiners will not have any benefit from this. Big expenses made by governments doesnt mean big advantage for people.
Unless they are part of some entity that in some way is actually buying bitcoin for the "public wealth" (likewise state pension funds).
Otherwise it will be just a wast of public resources since the benefit is not for "the people" but maybe for the magic people that stay on the top of the pyramid.
People that have already bitcoin they have immediately an advantage, but bitcoin could follow his path even without this "nation race" for adoption.
If a government adds bitcoin to the national reserves and has great profits from it, it means it can help to make its economy strong, which in result people may see lower inflation rates. Other than that, mate, well said. If we come to have direct benefit individually, so surely only those who are early adopters—I mean, those who have filled their bags before governments buy—will surely enjoy greater profits. This is just a point of view, mate, and I also respect your point of view as well.
Well, honestly, mate, I've also observed that during the recent time after the Trump administration came into view and after he added Bitcoin into the national reserves, the Bitcoin price has been more volatile than before. Do you feel the same? CMIIW!
They can just ignore this instrument but they know that this will become a non-sense in a later time.
But I am not based in USA so even if , this is the largest economy in western world I need to focus to my country.
For what I have seen here, all of these profits would just be taken by some politicians and other nobles that are working in the power palace.
They completely doesn't care about "real people", their needs or whatelse.
If I should look on how much taxes I need to pay each year due my job (that is also a real fatigue job) and meanwhile I have a look at what they are offering as service
LOL come on.... they just don't care of nothing.