IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
if bitcoin were banned everywhere, why would demand increase? demand from who?
i mean sure, black markets could still exist, but prohibition greatly cuts markets down in size. all institutional investment would cease, mainstream retail investors would jump ship. its utility would be greatly reduced because cheap, legal fiat gateways would be gone and only expensive, black market exchangers would exist. miners couldn't operate in the open, reducing the value of the network's security as hash rate drops.
i don't think bitcoin would die but a million bucks? sounds like crazy talk to me.
I also think that if bitcoin is banned in all countries, I am sure that global economy will not work because I see many large companies are now adopting blockchain for the future if bitcoin is banned. What will happen to us?
Bitcoin will continue to grow even though many speculations forbid it because of the growing interest in bitcoin.