Will bitcoin support by government?

[Falcon]

unfortunately bitcoin still doesn't care about the government because actually bitcoin cannot be controlled by anyone and of course bitcoin can have price movements depending on demand not from the government, the more demand, the price will increase.

Once the government control Bitcoin that will be the end of decentralized investment. Bitcoin stand alone without the government regulations. Government doesn't want bitcoin because they know it is a serious threat to banking system.

[Btceth01]

Bitcoin has been legalized in some countries.  We see that officially Bitcoin is legalized there.  And in some countries but bitcoin is not legal.  However, if bitcoin is legalized in all those countries, then the country will go further.  I think Bitcoin should be officially legalized in all countries.

[mlawson71]

Wall Street companies are already investing hundreds of millions in BTC. The government won't be far behind in embracing it, I imagine.

[Chita76]

Yes, the truth is that the price of Bitcoin is rising due to the change of government.  Because the government supports Bitcoin and investors have invested, the price of Bitcoin has risen overnight.  The price of Bitcoin has reached the highest level. The price of Bitcoin has not increased so much in the life of Bitcoin. The price of Bitcoin is likely to increase further in the future.

[Riya143]

Government of any country does not directly support Bitcoin. But I think the administration of every country does the transaction. However, the country government does not want to legalize bitcoins. However, in the future, Bitcoin will be considered as a universal currency in most countries.

[Duckenth]

For now, many countries are against Bitcoin and prohibit Bitcoin from being used in that country. But I believe that over time many countries will accept Bitcoin, because this is a modern technology today. If the country does not follow and accept Bitcoin, it will fall behind in the development of this modern payment technology.

[Paglamon]

Governments of different countries can support Bitcoin. Blockchain technology never relies on the government of any country for support. Bitcoin transactions do not require the approval of any government. Bitcoin users and investors never request the government to approve Bitcoin. So Bitcoin is the best.

[I-Bit]

Yes, it is probably. We have proved some countries support and also legalize bitcoin and other cryptocurrencies. But once more, it may depend on each country. And there may be another term that considers whether the government will legalize or not legalize crypto with certain terms and conditions under the law.

[Marlboro]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

Maybe, by seeing the popularity and the progress of Bitcoin, I think bitcoin will be supported by the government.lets see.

[Tnoy30]

Bitcoin is one of the blessings for us. It is possible to make a profit by investing on Bitcoin. So a lot of investors are attracted to Bitcoin. So if the government of any country does not support Bitcoin, then Bitcoin will not deteriorate. I think Bitcoin will improve a lot.

[gODZILA72]

I think the state should figure out how to introduce cryptocurrency to itself not to harm itself and control it! Use the advantages and simplicity of cryptocurrency and blockchain for good purposes! I think the state will support cryptocurrency when it really is very popular among people, today for me it is just an investment and hopes for it!

[Hisbullah]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

Every investors want  Bitcoin will be supported by the government, because It will be good for bitcoin market. But I see there are several countries have blocked bitcoin. So, wait and see at the next year, Hopefully bitcoin will be accepted.

[Pitter]

It is not possible at that time to give support btc by govt . In my opinion the govt afraid to support btc because Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies.

[bayiajaib]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

I think at the coming future government will support and accept bitcoin. I see several government have addopted bitcoin technology. Block chain has addopted to their company. I hope we will see bitcoin will be supported by government soon.

[XM8]

I agree with you because bitcoin is a threat in Bangladesh. Because the economic system of Bangladesh is not as developed as other developed countries. If Bangladesh declares bitcoin legal then there will be a big pressure on the economy of Bangladesh.  And some corruption circles will do different corrupt things.