Quote from: tygeade on November 26, 2021, 09:41:15 AM

I read that India is again going to pass a bill to ban or regulate and the outcome of Indian's stand against cryptocurrencies is still undecided. Considering the population and probable user userbase from world's second largest populated country, I guess any stand will definitely will have intensive impact on all cryptocurrencies. At the same time, we need to recall that China's recent ban was defeated by bitcoin community.

I mean China's negative stand made some downfall into bitcoin markets but the true believers of bitcoins made use of those opportunities for accumulating more and that way bitcoin was able to get a new ATH. So, whatever India government is going to decide against crypto space, I am sure bitcoin is on its own course of sailing toward $100k/$200k/$400k.

I also believe that no nation could technically "ban" crypto since its anonymous as long as you want to. What they actually ban is you having crypto becoming a public information. Would you be able to turn your fiat into crypto or vice versa from an exchange easily? No you won't be. However you could still own crypto if that is all you want to do, as long as you do not let your government know about it, holding it won't become a problem. This is true for China or any other nation that wants to ban crypto.

On top of that world will grow so much around crypto that all these nations who want to ban will not have a chance to ban it in the future, they will have to revert their decision and support crypto even if they do not want to. Why? Because we simply can't be watching crypto grow and help a lot of nations and make them richer while our nation goes to dump, governments will lose a lot of votes if opponents start to promise crypto support, and that is why everyone will accept it eventually.