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?
Government greatly affects the regulation and legalization of bitcoin but i dont think its the most influential among the factors given the fact that cryptocurrency is decentralized in nature an most of its content is anonymous. Other things like supply and demand, bears and bulls etc affects it the most.