So, my question is this: have we passed the point of no return?
I mean, have we moved from the "I wonder if it will even survive" phase to the "okay, it's here to stay, now let's see how it fits in" phase?
On one hand, institutional adoption feels like an undeniable sign. On the other hand, the volatility is still like a wild EKG reading, and governments still haven't really made up their minds about what to do with it.
What do you all think?
If we look at it for a high risk massive gamble, I would say it’s a trash talk towards Bitcoin, the giants that have invested heavily in it and the government of the day that seeks to use it for their reserves.
The question with most governments hasn’t been about the volatility of Bitcoin although, they tend to hide their true intentions behind that. The issue with tj has always been a lot regulations and the various means in which they can be at the end of some Bitcoin taxes. If they aren’t benefiting that way, then they wouldn’t want to come out in full support. Even then, it doesn’t stop investors from investing.