Post
Topic
Board Speculation
Re: Bitcoin's future is DOWN
by
richardsNY
on 16/07/2018, 18:43:28 UTC
Among the factors driving Bitcoin prices up, there is an element of recognition from a stronger economy. Hence, the opposite is true, ie, the price of Bitcoin falls if a stronger economy oppose and prohibit its use.

Going against the flow is something that will make you lose out as country, which they more and more start to understand and for that reason try to set up a matching regulatory framework. Not every country does the same as China, where we also have to look at one major fact, which is that nearly everything China ends up banning, grows out to become a leading factor in the world. Google, Facebook, Twitter, Instagram, etc. They all have done exceptionally well and so will Bitcoin. Every country will realize that 'respectfully' regulating Bitcoin has way more effect than banning it in whatever form. Banning something that can't be banned is stupid....