Gold's status as a reserve asset has grown to be recognized worldwide. While Bitcoin is not like gold, it is only a commodity asset. Both fluctuate, but gold is not like Bitcoin. I think this problem makes them conclude Bitcoin is dangerous. Government recognition brings the perception that Gold is better than Bitcoin. Its value has proven that Bitcoin is much more profitable as an investment. Those of us who have known Bitcoin have understood the risks and we take it as a matter of course. IMO
We have to keep in mind that central banks have been holding Gold for years. Bitcoin, although popular, is relatively new to the world. We may need to wait decades until BTC becomes as trusted and "reliable" as Gold during times of crisis. At least, governments adding Bitcoin to their reserves is a sign that soon Gold will "lose its luster". It won't be long before BTC overtakes the "yellow metal" in market cap. Capital inflows from institutional investors into BTC is already rising. So you can see where this is heading to.
Considering that market prices dipped a bit due to the US' involvement with Iran, now may be a good time to accumulate more Bitcoin. Once it hits $1m, you'll be able to cash out big time. You'll thank me later.
