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 ??
Well, how do you think bitcoin gets its value? It gets it when people starting during their money into it and thus it gets value against the USD as floating money around. However, exchangers wont be the only way to trade the bitcoin. People can still willingly go and buy the BTC personally like those of localbitcoin website. May be people will exchange the cash and fiat with bank to bank transfer and then they will make the exchange of BTC from crypto wallet to crypto wallet. I think that seems to me the last option. And yes people still will be interested in it.