Will bitcoin support by government?

[anshor1]

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 , I have read this rumours at last along years, bitcoin has been misused by illegal activities, laundering etc. But Not only bitcoin, It will happen at every where. I think bitcoin should be supported by the government, for their technology.

[satpol_PP]

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 don't think bitcoin will be supported by government, because I see at several countries bitcoin has been blocked. The government worry about bitcoin, they said bitcoin will be misused by illegal activities,hacker and laundering.

[Psycho]

Bitcoin is a threat to the government.  Because they cannot control it due to lack of authority.  Governments in many countries have declared Bitcoin illegal.

[Trumpet]

You are right.but cryptocurrency are not allowed for every countrys.manny countrys are say bitcoin are fully iligal.

[robert20]

Government will never support bitcoin directly. They dont like it as they can control it. They may legalize it  using some rules but never support it

[vitek146]

I think it will happen sooner or later.It is hard to see what would stop central banks from creating their own digital currencies and using regulation to tilt the playing field until they win. The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates. I have no idea where bitcoin’s price will go over the next couple years, but there is no reason to expect virtual currency to avoid a similar fate. But it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money. It is one thing for governments to allow small anonymous transactions with virtual currencies; indeed, this would be desirable. But it is an entirely different matter for governments to allow large-scale anonymous payments, which would make it extremely difficult to collect taxes or counter criminal activity.

[Galaxy]

Most countries do not currently support Bitcoin. However, in the future Bitcoin will support bullets. Most countries do not support the government, the main reason is that the price of Bitcoin fluctuates a lot. Brother, all the intellectuals in the country give different kinds of advice.

[gabriela1999]

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.

Cryptocurrencies are decentralized including bitcoin.  It will be difficult for national governments to support or accept it.  but in the future I think they will also issue their own cryptocurrency but under the control of the central banks

[gabriela1999]

Actually it would be great if this bitcoin received approval from the government. Because of course it will make bitcoin holders feel safe. And more confident that this investment in bitcoin is the best. This is why approval from the government I think is important for bitcoin.

if the government accepts bitcoin.  I think they'll have to control bitcoin.  If bitcoin is controlled by the government then I think bitcoin will no longer be decentralized, anonymized, and the crypto market will not be as vibrant as it is now because of their strict regulations.

[AllSii]

Actually it would be great if this bitcoin received approval from the government. Because of course it will make bitcoin holders feel safe. And more confident that this investment in bitcoin is the best. This is why approval from the government I think is important for bitcoin.

if the government accepts bitcoin.  I think they'll have to control bitcoin.  If bitcoin is controlled by the government then I think bitcoin will no longer be decentralized, anonymized, and the crypto market will not be as vibrant as it is now because of their strict regulations.

Bitcoin must remain independent and not controlled by anyone, otherwise it will no longer be bitcoin, but a centralized cryptocurrency. It is the decentralization of bitcoin that is crucial in its popularity among investors.

[gqinyot]

Most countries do not currently support Bitcoin. However, in the future Bitcoin will support bullets. Most countries do not support the government, the main reason is that the price of Bitcoin fluctuates a lot. Brother, all the intellectuals in the country give different kinds of advice.

BTC is always volatile and always close to the transaction market. The value of profits it gives investors is often the dream of many people, but in some countries they completely do not accept the btc I believe the future of BTC will be accepted and developed further.

[EthereumDev_]

As far as I know, bitcoin will never be able to get support from the government and nothing can influence bitcoin price movements, bitcoin will only have its own price movements.

[emmybd]

Bitcoin is a digital or global money transaction system. It's very popular nowadays. All over the world people are using this transaction system. Bitcoin allows people to send money through internet. Many people are comfortable with this transaction system as users can control this.
But it's shocking that most governments are against bitcoin. Governments prefer electronic money. Governments want to control every single transaction. But it's not possible to control bitcoin. But electronic money can be tracked easily and can be controlled by governments. On the other hand,bitcoin is controlled by its user. No central authority can control it. Cryptocurrencies like bitcoin is beyond the control of governments. But governments want to know who,where,how much money spend. But in bitcoin transaction system this types of information is not possible to know.

[Gubre]

I don't think the good invention like bitcoin can be considered as threat to government just because some guys are using it for their illegal activities. I think the right word to use is that bitcoinis Now one of the problem of the government because it is now useful to illegal activities.

[Riseback]

Support for bitcoin from the state will be when this state has a lot of bitcoin. The owners of this cryptocurrency will be very profitable. So far, I see no reason for the state to support Bitcoin))