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.
If all countries decide to ban Bitcoin, things may not go that easy for the price. In a situation like that, there would be noone to be able to use Bitcoin for anything and it would create a chaos for the market.
This is factually incorrect. Banning something does not stop it, it merely forces it underground, and probably increases its price in the market because its harder to buy or sale.
Of course it would harm exchanging, but then again people could start using it for what it was intended for, and stop exchanging it so much. Yes it was intended to pay and be paid with...
It would probably backfire the politicians. You can already see countries that "ban" bitcoin are simply telling wealth to go away, and indeed they: A) Couldn't actually completely stop their people from using it, and B) worsened their economy, in short having the worst of both world. Well that is a typical result of a politician decision maker.
Out of 200ish countries only about 15 have openly legislated against Bitcoin, the vast majority have not taken position and many have regulated it, but even in those not everyone will follow the rules, simply because its possible to find "ways" around them. (Ie. buy used asic equipment and mine bitcoin to obtain some without KYC).
If we are trying to talk about the possible market price of the bitcoin it shows a good quality because today with the use of investment of other people and also the popularity of it because of the people use this for their transaction it shows now good outcome but there is a chance also the price of the bitcoin becomes profitable still it affects the rule of supply and demand if there is a lot of supply of the bitcoin the price if it will go down and not too much profitable but if there are only a few people will support this coin there is a chance that it goes up for over a million dollars but it takes a lot of time again before it happens because the bitcoin already give a lot of profit to the people and there is a chance that they will join into the world of cryptocurrency just to earn too like us.