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Question answered on Musing.io by bozz

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· @bozz ·
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Question answered on Musing.io
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json_metadata"{"app":"Musing","appTags":["bitcoin","musing"],"appCategory":"bitcoin","appTitle":"What will happen when governments will start buying bitcoin ?","appBody":"<p>I think many governments already are buying bitcoin and other crypto currencies. &nbsp;We just don't know it because of the relative anonymity of cryptos. &nbsp;</p>\n<p>We would be foolish to think that especially after the big run last year that government agencies are not involved in any of the current coins on the market.&nbsp;</p>\n<p>I am sure that the CIA probably pays some of their informants or other resources in crypto currency. &nbsp;The fact is, many government agencies are as active in things like the dark web as the actual \"criminals\"</p>\n<p>I know this sounds all conspiracy theoryish, but if you think about it, it only makes sense. &nbsp;</p>\n<p>Now if Governments openly start buying Bitcoin (which I think some of them have if I remember my headlines correctly) it could add some validation to the market. &nbsp;The market is already pretty stable. &nbsp;It stinks because we are not seeing the huge gains that people were hoping for, but things have been stable and that is definite plus. &nbsp;</p>\n<p>Government buy in could push the prices up a bit, but it also may bring about some fear that depending on how much they buy they could manipulate the market in the future with a big sell off.</p>","appDepth":2,"appParentPermlink":"fk576jdlx","appParentAuthor":"cryptos999","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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