What will happen if the governments accept crypto?

[princessgirl]

It will be a great news for the entire crypto space if the governments and banks across the globe accept Bitcoin without any regulation that will infringe upon the intrinsic features of cryptocurrency and the Blockchain. If the governments accepts crypto, this means more and more people will join crypto without investing in fear.

[sixexgames]

The thing is, I think that governments would like to have more control over BTC. I think if it were up to them, every Bitcoin account would have to have public KYC. But it'd be nice if they just let it be what it is... or make it the world reserve currency haha

[Ghozrd]

The government can buy all Bitcoin but that will result in many people not trusting the government, if the government adopts crypto for each transaction, they will make new coins and compete with existing coins. This is where the role of a satoshi nakamoto will appear but sometime will occur.

[Crypto Guard]

we know that the development of the cryptocurrency world is getting better and it makes a lot of people interested in learning it. therefore, if the government can accept crypto I think it will also be good for the development of crypto itself and we will be more free to use it. Cryptocurrency is supported by sophisticated blockchain technology so it will help.

[zilzylian]

As you know, banks and governments hate crypto very much, they are afraid of losing something they dreamed of, a lot of corruption and price manipulation is very clear. If the government and the Bank adopt crypto, you know the answer, there will be many people afraid to manipulate prices and prevent corruption, because everything is transparent and is on the Blockchain ledger network

[LogiC]

There are many possible things that would happen. Something good and also bad, we know how corruption and manipulation happened in the government. But think how the community will respond as well knowing crypto as a legal entity. Both have pros and cons and we will see how it will impact on the market.

[MOProgress]

If the government should accept crytpo, this will be a mega bull run in all the valuable coin and for sure, the initial holder will make huge profit, but I believe, some government will accept it.

[Adp]

the problem government won't accept crypto unless they can control it
and if government accept crypto that would be great news for all of us

[Deallove9]

It will be a great news for crypto and am sure the market will surge high for that reason but yet they are not rejecting it as we can still use them but they are just kind of protecting their territory in a way that the crypto will not be use to sponsor bad act in the country and not diminished their currency too.

[Dprincebh]

If for sure that government would accept Bitcoin as well as other bank.  Bitcoin will see a big boom. No fear when investing and more people will embrace crypto with both hands

[Alpha]

Basically people will patronize cryptos once government allowed crypto in the land freely with proper management and structures of every necessary things to serve the community better.

[svsanya]

Tools that have been created with visions of freedom and autonomy may well be a means to implement a new level of surveillance and control.this will give the government obvious advantages, such as immediate transfer of money, but they will also be able to control us in a new way.

[auns]

if the government accepts and supports crypto it will be good because we will find it easier to use crypto and there will be many people using crypto, they don't need to be afraid anymore because crypto will become legal

[trauchot]

Quite right, many people are afraid to work with cryptocurrency because it is not recognized by the governments of all countries, and if this happens, the cryptocurrency will immediately reach a new level.

[gurunanakji777]

Fear of loss will not be there if the government of every country will accept crypto. But I think its not possible without any regulation. If government accepted they will surely do some regulations and here we should be careful because government can manipulate the market and that would not be a good thing. If accepted without regulation then we will see a huge no of investor will join crypto market.