Is is generally accepted that this is one of the reasons BTC is dropping in value to USD yesterday and today? IF so, why? because there is no longer a large demand for it?
If so, what happens if the US bans it? Could we expect it to drop more?
Despite the doom and gloom headlines, China did not ban Bitcoin. It simply categorized it as a "commodity" not
currency (similar to precious metals). Individuals are still free to hold and trade Bitcoin.
Of course, negative state intervention will
temporary drive the price down.