Lets assume that starting in USA all bitcoin to fiat exchanges are banned. Will people be still interested in Bitcoins? I believe the applications of the blockchain are many, however, most people are attracted to Bitcoins because of its fiat value (or USD value). Deep under I believe that people are really not interested in the use of bitcoins in a decentralized platform/application but more interested in converting Bitcoins in to USD. Fiat currencies still seems to be the norm. Any ideas ??
I believe tht if this happens im sure people will start to use bitcoin as what this is created for,because today people use this as an asset and holding this for long term,but with this law then we have no option but to use it that way.though for sure prices will drop significantly and wont be back as what it use to be