~Snipped
Of course, when government lead by example many skeptical people will have confidence in bitcoin, and this will clear all doubts in them about what they think bitcoin is. Texas has done it, and I believe that more states in the US will follow one by one. Bitcoin is gradually dominating and proving herself to be more reliable as a store of value overtime.Bitcoin doesn't have anything else to prove compared to a few years ago when all government and institutions doubted Bitcoin's potential. The sheer fact that institutions are raising funds to buy Bitcoin and governments like the US presidency and states like Texas embracing is more than enough proof of that.
~snip~
All in all, I feel it's not as good news as it looks at the first glance. Of course, I would not say it's a bad news either
All in all, I feel it's not as good news as it looks at the first glance. Of course, I would not say it's a bad news either
We will find out when we have full blown bear markets. A lot of these funds, institutions and even governments are paper-hands afaik and will probably shit their pants when bitcoin dumps way lower than their average entry.