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 ?
Ehh no, in my opinion at least. It would definitely need to take a lot more than that for the price to "moon" in my opinion. There's probably better chances for price increases for the CBOE Bitcoin ETF. Though it might not push up the price, the reverse ban definitely helps a lot in terms of adoption, so it's definitely a win whether or not the price gets affected by this or not.
I agree with this, taking Bitcoin to the moon takes more than India, I think they can push the price higher and we could see some decent little pumps but India will not get it to the moon, on the other hand a country like China can, 75% of the volume in late 2017 came from China before the ban on cryptocurrencies and the nonsense with exchanges, I think China will lift its ban soon and with the combination of approval of ETF by SEC it will be all green candles upon us.