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?
Not totally, but it does affect the bitcoin price somehow. For example, lets say a big chunk of crypto was invested from a certain country and suddenly it becomes illegal to trade or invest in that certain country, it will pull the price down since the market demand of crypto will be lesser.
we really need government help to make this market great again,can not be denied their regulation will make investors confidence investing their money to this market.legal or illegal very important to profesional investors.