Post
Topic
Board Bitcoin Discussion
Re: I don't like the idea of governments holding millions of Bitcoins.
by
Alpha Marine
on 26/08/2025, 22:20:29 UTC
I don't feel the same way that I used to feel about Bitcoin anymore, I guess this is because the government is all over it right now, the massive adoption from the government instead of the retails and normal people like us hurts my guts. The decentralisation is no more, this is how I feel, now with the amount of Bitcoin on these powerful people's hand I feel that they will be able to manipulate the market even more.

I don't see a reason for anybody to be worried about this. Bitcoin is free for anybody to use and own. You can't want a free coin, controlled by no particular entity, owned by no particular person and then turn around and say "No, certain people shouldn't use Bitcoin". It goes against everything Bitcoin stands for.
Bitcoin was created as an alternative currency, and there is nothing that suggests that governments of the world can't own alternative currencies? I am not excited about it, but it's not something I will get worried over. The bitcoin market is not easily manipulated anymore.

I am excited in the sense that I don't see the government as the saviour of bitcoin. I remember how Trump was on the lips of almost everybody talking about Bitcoin immediately after he won the election to his inauguration. I don't see governments like that; I see them as just more people adopting bitcoin.
If for anything, I see there are more advantages of the government being involved in bitcoin than disadvantages.