Governments, like the US government, have several reasons to buy bitcoin.
Countries that are early adopters of Crypto-currencies will have a huge advantage in the future. I believe some governments have realized this and have been buying.
Government wants and needs control in order to stay in power, and prevent others from taking over. If they buy a lot of Crypto-currencies they can control the price fluctuations(if they buy enough).
Buying bitcoin and other alts would be a great way for governments like US and China(esp if working together) to further inflate the dollar, by driving the price up and rewarding early adopters.
By buying a lot and then selling it all, in conjunction with negative reports and negative news, they could most likely kill bitcoin and alts if they wanted to, in order to keep banks in control.
I'm not sure what is the truth about governments. Some are thanking actions against cryptomoney (and exchanges, whose are their entry and exit door), and few ones are taking measures to have the proper control switch. I don't know any administration which actively supports this new money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I meant to say covertly
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @steve005! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit