A country banning crypto will miss out on the wealth distribution to their citizen. China is unbanning thru Hongkong while the US is already having plans for crypto regulation. Although governments will not like the adoption, none of them will likely ban it. They already see that crypto is still used in China after banning it.
Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States?
I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.
At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.
Banning crypto is no more effective on crypto itself, it's now more like a pure joke, I would still like to see the U.S embrace crypto more than China, just my own answer to my question, what about you?
Ban on crypto is a joke. The truth remains that the world, or government can't do anything about bitcoin.
The worse they can do is go after institutions promoting bitcoin and cause them to fall so that they may have reasons to paint bitcoin in a negative light. They went after miners, the miners left the country, it is over them now and they should be more accommodating of bitcoin because it is the future.
They will be forced to embrace when they will miss the revenue from the miners and taxes from other crypto companies for they have the option to just move elsewhere. There is still an effect on prices every time there is an announcement of a ban though, the price still plummets.