What will happen to BTC if Government gets involved?
What will happen to BTC if Government gets involved?
With the way things are going and most governments being against bitcoin and crypto because criminals are using it, how would it be if Government finds a way to regulate it and all or most countries adopts it as legal tender?.
How will it affect the market?
Have you ever thought about that?
Bitcoin must not necessarily be a legal tender in all countries before it is said to be legalized. Government have seen that bitcoin have come to stay and that is why they are embracing it, but at the same time they are trying to see how they can regulate it by taxing bitcoin transactions, and that can only be achieved through a centralized platform. Government cannot control bitcoin and is not against bitcoin. Fiat is used more for illicit activities than Bitcoin, but because they control it, they bury the news.