Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?
Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?
There are many different reasons that the price of BTC is affected. Just bad news it will affect BTC and the market crypto a lot. And government is undoubtedly the biggest factor affecting the price of bitcoins both positive and negative. Just like right now, we are waiting for good news from SEC to help the market get better