With all this talk about national reserves, that idea basically means governments would be buying Bitcoin which means they could become even bigger players than institutional investors, since they have access to public resources.
They could buy as much as they want, and if multiple countries start doing this, they’ll end up owning a huge piece of the pie.
If the government is doing this I am sure they will be buying a lot and owning a huge portion of it and will become bugger dictator in the market, although some people own a huge amount of it already and when the countries buy in too it will reduce the number of investors because they will be buying a huge amount of it. Countries buying will have positive impact on the price. Government have not been in support of Bitcoin so buying it will make a lot of people doubt them and wonder why and I think I am one them, I don't know what they intend to do with it but buying it will help bitcoin elevate then I can't go against it.
Now the question is -- is that really what we want to see?
And more importantly, will ordinary people still benefit from it?
This is definitely not what I want to see.
Will ordinary people benefit from this? I am not so sure it depends on government intentions. If it influences bitcoin price ordinary people will benefit from it.