What do you think? Will people still use crypto in a country where it's prohibited to do so? Or will they be afraid? What if all of the world's countries turn against crypto (which is very unlikely atm)? Will market prices go all the way to $0?
Crypto wasn’t legalized back then but look how much growth there is. People still used it and I believe people will continue to use it even if it was prohibited. A lot of what’s banned nowadays continue to happen but just underground. With crypto’s nature, it would be easy to hide the fact that you are using it.
Crypto is a lot more resilient than most of people make it out to be.
It was being viewed in a bad way back then yet crypto still active and consistently having rally.
It's now more recognized than ever and crypto become even bigger.
Even without government recognition and the potential of it being outlawed, it will still be alive and well, that's the advantage of decentralized peer to peer currency.
It's built to be resilient from the start.