What would happen if the US Banned Bitcoin? ðŸ˜ðŸ˜” Caroline Sherman
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If that situation were to play out, Bitcoin would move to the black market where its demand and price would skyrocket. People’s eyes everywhere would have awoken to what the government did. In a sense, they would have woken up a sleeping giant. Similar to how drugs cost extreme prices because they are both illegal and hard to find. The same would happen to Bitcoin. There would be a secret group of people who would continue to rebel and hold it. This has actually already happened in some places in Africa where the country outlawed Bitcoin. The end result was that the demand for Bitcoin only increased.
Eventually, Bitcoin would either become mainstream enough that there would be no denying that it is the money of people’s choice. It would overtake any other currency. Or, the United States government would have won the battle, but lost the war. It would be a huge mishap that they would never be able to rightfully explain. The people would see it and would have awoken to how things are really panning out. Bitcoin in its current or future form is like toothpaste that has been let out of the tube, the idea has been let out and there is no putting it back in.
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