Today, the price of bitcoin is going up and down. Many are saying that the price of Bitcoin cannot reach $ 20,000 now.
That can be the right thing to see. This is the reason why Bitcoin has been locked in several countries. The only way Bitcoin can be priced in its true state is if the countries where Bitcoin is closed are removed. Did I say right?
By "locked" you mean usage of bitcoin being illegal/banned right? Well, those countries can actually pass laws to make usage of crypto currencies illegal, but they won't be able to stop the people. It is like pirating movies, games, software and digital contents. These stuffs have been made illegal, but people are still managing to do it through p2p torrenting. Similarly, countries have made usage of bitcoin illegal, but I bet most of the people over there who knows about crypto currencies are still using it. If every countries actually make the usage illegal, the price might start to rise, but it won't skyrocket.