I think that governments will utilize bitcoin so much more than just a strategic reserve. They will refine energy consumption methods around the mining and advocate for less takes and promote higher earnings amongst their citizens if they want adoption to take place. Perhaps Nations will certainly be many of the whales but I just thing there are too many OV whales that outnumber these nations

probably the op dont know the true meaning of bitcoin price stability, because if he knows he will not say that. if bitcoin is stable what then drives the massive adoption? because volatility of bitcoin makes people want to accumulate more.

yeah the only way to purchase bitcoin legally now is by doing KYC which involves revealing your identity, so the chances of purchasing bitcoin anonymously is getting slimmer by the day. but the only way i see one can do that is by buying bitcoin directly from someone through DEX p2p. although that one is not even anonymous though but it is somehow better than government regulating your transactions from a KYC exchange.

Although total anonymity is not that good because some group of people might just purchase a large number of bitcoin and hodl for some time and sell to liquidate the market and of couse that will dump the market. so the best way to avoid people who want to buy bitcoin in large quantity and having control of the market is by making sure any person or group of people that want to purchase bitcoin in large quantity will require to do KYC to be able to know them incase they want to sell and liquidate the market due to the large number of bitcoin in there possession, then the necessary thing will be done to prevent geopolitical war.
  

The stances of different governments are different and thus confusing also. Like some countries you mentioned are going into mining while others are banning it. It is like taking a bet on crypto based on possible future. If crypto does become more important with time, these economies could also become more powerful.

Do you mean the Russians here or the Russian government, because I don't think I've learnt of the Russian government moving into Bitcoin mining of recent, but I know well that of El-Salvador, they have been into bitcoin mining and investments mostly over the years.


No, Bitcoin cannot be centralized at this cause, the market cannot be manipulated in their behalf for this reason, they can't be the only whales that will be investing on bitcoin, just as we have it now, no whales have been able to achieve any form of centralization over bitcoin.

Nope. They only hold 1% of it. They are not the biggest btc whales.

Those real whales just lurk around the ocean, they are literally can't be seen and will not show their identities unless be used in a specific agenda such as politics.

Don't worry too much about decentralization 'cause the feature is not yet defeated, they only hold less, and the community is still that holds the majority.

The government have been working hand to hand with this centralized exchanges and that is were they even add tax for people to pay and that is the only way that they can make them submit and there is a lot of polices that is used to make decision for them, and the only people that have serious power over the market is the whales and only whales have the power to be able to make them submit. If you look at other countries they are making good money from taxing people because in some countries they charge upto 30 % and this what the government wants.

And if they want to go pure on a decentralized exchanges it is better when it comes to crypto because your privacy will be secured and privacy is one of the things that is very needed and the foundation of bitcoin was built on privacy. So this is one of the reasons people are so inlove with bitcoin.

But the circumstances started changing and this is something that a lot of people are not happy about because there people that when it comes to centralized exchanges a lot of people don't want to be part of it.

I think that's happening now, it seems like it's no different now from countries that are saving Gold as a backup for their country. So it's not unlikely that the time will come when all countries will gradually make it their bitcoin reserves in their territory.

Look at the big countries today that can also be considered strong countries, they also have large holdings of bitcoin in fact, and it's also widespread throughout the world
as to which countries have bitcoin holdings.

Banning Bitcoin is a wrong idea and wrong digestion of information regarding Bitcoin but it's cool, one way or the other a time will come when Banning of Bitcoin will be something of the past but it will be late then to buy Bitcoin cheap because many of their developers sold out of compliance and we're afraid of the brutal punishment that may comes later but I would have probably left and go to another country where Bitcoin is appreciated by people who see the value.n

I don't know how true is the mind of US government and how they want to make Us the place of Bitcoin but if thag eventually happen and they get recognition, Bitcoin will not be something that is ban again, even the people that don't like to hear about Bitcoin will want to hear it, even if they don't have plans to have their own strategic plans with Bitcoin will lift that ban because you can't say something US government spend his time on to get to office will be there, they can even secretly have Bitcoin but wouldn't tell the public they have Bitcoin.

If the market can easily be manipulated and controlled by invention from government and its agencies don’t you think that it could have been done long ago before now? I don’t doubt you saying the smartest people can invent a great thing but for the purpose you point at I don’t agree with that, some whales don’t get move no matter the pressure on the market, the government will always have Bitcoin to buy from small and short time holders.

The United States and China already hold a significant amount of Bitcoin according to bitcointreasuries.net. Most of this came from seizing coins that were related to a criminal investigation. There has been some speculation that if a Bitcoin reserve was created by Trump, it would start a competition among countries to see who can accumulate the most BTC. This might be overly-optimistic thinking from people who want to see the value of their holdings increase significantly.

Countries like Russia, Iran and North Korea might already own a large amount, but the idea of spending taxpayer funds to buy Bitcoin is not likely to go over well in countries that are not under sanctions. It was a controversial idea in El Salvador and in the United States, according to one survey, a Bitcoin reserve does not have a lot of support from the general population.