The price of bitcoin has hit 101k as I am writing this post and that's because more whales and institutions are buying bitcoin nonstop. If the countries government does not create a bitcoin strategy reserve so that they can keep stacking bitcoin, it wouldn't affect the price in anyway because bitcoin price will definitely create a new ATH in every new circle.

I don't care about government going into bitcoin, as long as bitcoin adoption is increasing, bitcoin price will gradually increase in value overtime. However, the more people get into bitcoin the better for us all.

As long as the market is yet to be saturated, Bitcoin price will continue to rise, and whether there is a government adoption and create a Bitcoin reserve or they don't, the market will continue to grow because Bitcoin is independent from the government.  Bitcoin was able to build a strong community even without any aid from government legislation.  As long as the government does not become hostile to Bitcoin, Bitcoin will continue to thrive even even if the government stays neutral.


The involvement of the government may hasten or delay the adoption of Bitcoin depending on its stance, but for sure, Bitcoin will still propagate regardless.

This is another thing i love about Bitcoin. Bitcoin's core strength is in the fact that it is decentralized and does not depend on any one entity for its growth. We have seen the effect of Trump's government on bitcoin's price; how certain comments and actions have triggered either a price boost or fall. This has made me draw the conclusion long before now that the involvement of the government in Bitcoin might either be a blessing or a curse to the Bitcoin family. Even though we know that Bitcoin is decentralized, we just can't deny how much impact the government can have on Bitcoin and crypto in general.

You can forget about nations, states, cities; you can even forget about corporations and institutions. I believe Bitcoin will reach $140,000 and beyond with the retail market alone. However, adoption by companies and governments must have expedited Bitcoin's price rise a lot.

And, at the end of the day, it's not that they have a choice. It was actually only a matter of time before companies add Bitcoin to their balance sheets and governments to their reserves.

What we should do? buy as much as we can! that's the only way to compete against institutional.

There's no way to forbid them if they want to buy Bitcoin, that's why the one who acquire as much as possible and hold for long term will become the winner.

When Bitcoin price hit $109K, I don't sell.
When Bitcoin price down to $76K, I don't sell.
When Bitcoin price cross to $93K, I don't sell.
And now Bitcoin price back to $100, I still don't sell.

I got you from here and you made a nice point, we should know that its only on a particular basis that the bitcoin market skyrockets, having a bullrun will have to be fueled by some economic activities, even though this does not have to be the main reason, because the demand and supply in the bitcoin market will always rent it more volatile to rise and fall at any point, so having the bitcoin reserves is what we can take as part of the reasons for its pumps and if you can remember as well, the same reason was behind the fall together with the US tariff plan inflation, so everything will have have a direct or indirect implication on the market.

With or without the government, Bitcoin price would skyrocket, but the only difference is that the government has a very strong purchasing power to accumulate Bitcoin in a very large volume compared to organisations and institutions. If you look at the largest holders' records, you would notice that the government holds a larger volume and can be able to purchase more bitcoin at its will compared to the others. Notwithstanding, organisations all over the world in crypto-friendly nations in large numbers can be able to buy bitcoin within their strength and capacity to contribute their quota in making the acceptability go global, and if this happens, I believe bitcoin price would pumphigher than the stated price here because the demand would be high as it is that bitcoin is being used for transaction and not only that some being removed from circulation in the name of being called a reserve for the future purpose.

Corporation adoption can also boost the price of Bitcoin because they accepting Bitcoin for their services would mean they increasing the demand for Bitcoin by their client and customers who are crypto inclined, and this would mean a buying pressure for Bitcoin. I am confident that corporate organisations that render services in demand by the masses could also stand a chance to give a strong boost to bitcoin adoption, acceptance, and price increase because they too would help spread the adoption message to their customer base, which would trigger a wave of acceptance globally.

I agree with you OP because the scalability of individual adoption has been the primary source piloting the volatility movement of Bitcoin right from when it was forsaken and at it earlier existence and then, the price keep increasing and the more the community is expanding basically by individual adoptors incoming.

Even if you ask me, the government came late with this proposal of the federal reserve strategy with Bitcoin and before they had that vision, Bitcoin has perhaps proven it digital golden performance before them (governments) so, it only got attractive to them and not that they were the foundation that nurtured Bitcoin to this great ratio of even adopting it for a whole federal reserve despites it (Bitcoin) maintaining it decentralized mechanism.

This is just to say that... Bitcoin would keep possessing it values with or without the governments. Although their purchasing values will still be encouraging to the Bitcoin block.

The bubbling memory if we think Bitcoin can not perform well in the future without the governments is that... Bitcoin was a $0 as at it invented era at 2009 and has surged to $46K even before the first government of El Salvador adopted it for legal tenders in it country as at September 2021.

If we also want to lean on the US reserve proposal to be the only source to energize the Bitcoin market based on it global economy influence, let us also be reminded that the current US holding on Bitcoin was not purchased by the federation funds but forfeited legal asset seizures.

And to the interesting part, while they staggers on the federal reserve proposals and the governments unfriendly regulations, little investors and the whalers has come that far with their amount of purchases and holdings which has surged the Bitcoin market and $109K ATH which more increase is being expected.
All these are being are being achieved even without the  role of the governments purchasing it Bitcoin for federal reserve.

With or without government intervention or approval, bitcoin will still have its adoption increasing and subsequently the price pumping too there is no second thought about this, because traditional monetary systems will continue to have hassles that bitcoin can solve and this will drive in people to it. But the government intervention will be a catalyst to actually fuel a rapid adoption because the ban or restrictions place by the government on it has actually made it to be adopted by less users looking not to break their government regulations.

So this is the hype that is getting many people to see government adoption of bitcoin as reserve asset as a key to it price surge, institutions will easily invest since the restrictions have reduced and we all saw what the last ETF approval did to the market even though it was for a short term. But regardless of any government decision or policy, bitcoin is going to pump in price

The corporations are a huge part of it, much more than us retail investors because they buy a lot, and they do aim to get more too, and they do not have the legal requirements of a government, they do not need approval of the whole congress or senate for example, they just need the board (or even just the owner in some cases) to do it, so it's easier and it's good. What we need however, with governments, is the size because the difference in size is huge.

Let me tell you the difference, all of Apple, the whole company, worths just 3 trillion dollars whereas USA has 33 trillion dollars in debt. They have x11 Apple worth of debt. That should tell you how big a government could be, and how much money they can spend, way way more than companies could.