What if India or China declares bitcoin as legal tender in the country ? What impact will it have on the bitcoin prices and other crypto coins ?
Bitcoin promotion will definitely surge high, and its price will skyrocket once again. But price fluctuations will always be there, as there will always be pump and dump no matter how positive the market is.
However, the probability rate for this to happen is too slim. Note that these countries are not bitcoin friendly and would definitely go against bitcoin as long as they can. But changes are sometimes inevitable. They could take a different path in the future, most probably when other big countries are already into bitcoin as well.