@ebidelii
Politics and Bitcoin!!!!
Political influence on Bitcoin can include the following:
- **Sanctions and regulations**: Governments affect the price and use of Bitcoin by restricting or banning it.
- **Government acceptance**: Some countries, such as El Salvador, have accepted Bitcoin as legal tender, which has increased its legitimacy.
- **Price fluctuations**: Political news such as war or economic crises may increase demand for Bitcoin as a safe haven asset.
- **Tax controls**: Governments change the incentives of investors by imposing tax laws on Bitcoin
1 reply
0 recast
1 reaction