Politics really affects the bitcoin business, because bitcoin is quite dependent on the regulation of a country. The restriction of bitcoin by a regulation makes its price fall considerably, and vice versa, will soon rise when it gains the trust of the government.
that's how actually government affects bitcoin and the entire crypto space. wherein when they do something that against in it, surely there's always an impact in the market because most investors are panicking even market is just making a small correction despite of negative news.. Yes i believe they can shake the market when when it comes banning something that related to crypto currency, But without panic selling maybe market will not become worse all this time.. Just saying