Post
Topic
Board Bitcoin Discussion
Re: Could India push bitcoin to the MOON ?
by
tomahawk9
on 16/07/2018, 18:09:08 UTC
With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
Very unlikely.

It's not like the negative news from India about the RBI and other banks going against Bitcoin have had any effect in the market or the Bitcoin price, so the opposite might have the same effect. If anything it could mean that new capital will flow into the ecosystem so there's a chance that we could see a small increase in the short-term due to such news, but it won't be enough to push the price up to the moon.