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.
And by that logic,
when the US will ban bitcoin we will get to 1 million
when the EU will ban bitcoin we will be at 10 million
when the rest of the world bans bitcoin we reach 1 billion per coin...
Yeah right, it was just that in reality behind all those rumors, China didn't really matter, the growth would have been there anyhow, as, for India, you can see that some news about a new virus strain was 10x more effective than the news from India.
A country's ban can't stop bitcoins' growth as at this point it's clearly under-evaluated but the problem will arise long-term as you will never reach the maximum potential by cutting 1/3 of the world's economy from the picture. But I can live with just half of the world-embracing it, it's more than enough.
Thanks to the wonderful minds in India's Supreme Court
Is this part of some stand-up comedy bit?