Post
Topic
Board Bitcoin Discussion
Re: How Influential El Salvador Is?
by
kotajikikox
on 25/12/2024, 05:13:10 UTC
That will not have a very big effect. However, something like USA banning bitcoins can have huge short term effect. In the long term, crypto will still keep growing. Look at the ban by China which is a major economy in the world. Even after that bitcoin prices have grown at good rates.
You’re right because a lot of bitcoin investors reside in the USA and those who might not be in USA be worried of other countries following suit which could cause a significant drop of price but it will be soon forgotten and the price of bitcoin will go back to its usual trending.

I doubt other countries, let’s say third world ones with not much bitcoin enthusiasts in, would affect the price if they were to ban bitcoin but it would certainly upset some investors that are citizens of that country.