Is government the most influential factor that affects Bitcoin price?

[eaLiTy]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The market has grown enough to let it go into oblivion in a moment and the governments around the world will come up with regulation rather than taking the entire market underground. When the regulations are set and done we will see huge institutional investments from around the world and that will drive the market in the future.

[Darkman3301]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The market has grown enough to let it go into oblivion in a moment and the governments around the world will come up with regulation rather than taking the entire market underground. When the regulations are set and done we will see huge institutional investments from around the world and that will drive the market in the future.

Of course you are right, but not quite. The government can easily affect the market in their country simply by banning cryptocurrency. This is an obvious fact that must not be forgotten.

[Nhor1011]

Yes,the government is the most influential factor that affect bitcoin price. It is iether good or bad effect. Good if the government allowed the community to use bitcoin as what it is and bad if the government ban it. The government has a full control in bitcoibitcoin once they regulate it and being a decentralized digital currency can't do nothing.

[mersal]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The government will not the reason for the father of cryptocurrency but they are one of the victims to distract the people from get interesting in the field of cryptocurrency otherwise they don't do anything against cryptocurrency development people will accept Crypto as their normal currency then it will not affected by the government.

[conected]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Governments are only one of factors and it is not the most influential factor that affecting the price of the bitcoin. Whales that manipulating the market are the most influential factor that affects the value of bitcoin. They have power and authority to manipulate and change the price of the bitcoin.

- I don't think so, I think they are a factor that most affects the price of bitcoin because although as you say, they do not control or manage bitcoin directly, but the information they provide, it affects a very large range. And whales can take advantage of the information then turn this information into their tool, and create a red market, so when we look from the outside, whales are probably the main factor but looking deeper, the government is the one who gives whales the opportunity, the government does not directly change the price of bitcoin but they indirectly do it

[Akagum]

Well, government interference has a way of affecting the price of bitcoin if we look at it critically.
I understand that the bitcoin market is more of a speculative one and so any government interference could trigger speculations which would then affect the price of bitcoin negatively or positively.

[nebuch]

Government = multitudes of people(the citizens)

People = investors, traders, bounty hunters

Bitcoin potential = Government + people (businesses)

In case all government prohibited the use of bitcoin then it would be hard for crypto to be the possible future of transactions.

[pieppiep]

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

[semobo]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

[ethereumhunter]

Bitcoin can survive even if the government do not approve and make it legal. Besides that, bitcoin is not related to one government only, and I am sure that there is any government will approve bitcoin and make bitcoin as a legal. As long as people can access the internet, people could still use bitcoin. And the government is not the most influential factor for bitcoin price because Bitcoin does not depend on them only and there is more factor that will affect bitcoin price.

[Koadharber]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

[BitTraderCute]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

it is very dillema for government.banning or restric bitcoin   and cryptocurrency will not give solution for them, moreover this market has huge potential taxes if they attract it.i think they should think about this market potency for their income source.

[DisWhale]

Governments play a part in the influence of the market but does not have the absolute power which can influence the collapse of the market. People listen and heed to the laws of a country, hence once the government make crypto and Bitcoin illegal, it brings down the demand on the market. The opposite of this concept holds. There are also other factors which influence the market which include the attitude of traders on the market, FUDs, the hacking of a big exchange etc.

[Lumi3004]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

[Anies_Sandi]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Of course I will keep the bitcoin alive even though the trump prohibits all crypto, because the impact is not too big because the largest holder in the world is in Asia. so if governments like China and Japan prohibit crypto it will only have a major impact on crypto can lose its value

[South Park]

No doubt government influences bitcoin the most. Even now, the price is affected because of the ETF, that is, related to government aiming for regulation to an extent. In fact, at some point where the government of china took a hostile step against crypto, the price was affected.

But the effects of those measures are limited, it is true that when China took steps against this market we saw a decrease in the price but then things went back to normal after some time and the same is true for ETFs, at first the market was very hopeful and when the SEC refused to give their approval the price suffered but after so many rejections people do not care anymore when that happens and the price does not move at all.

[Finestream]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

[iMark]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

Of course it has a big effect, the market is also being affected by the psychic of investors, when the bitcoin ban is applied there is certainly a disturbed feeling from investors, the worst investors will leave. so I really hope that legalization takes precedence over prohibitions

[maxreish]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Actually, your example is a valid reason to affect the btc's price. That is a serious news and we can also say that government has also a great part to affect the cryptocurrency market. Some may not be convinced about this, but if you can just list down all the reasons why the price is being dragged down, it may take a part.

[reliable]

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

Government plays a vital role because it is that authority which can legalize or ban the crypto in the country and if suppose they ban it than the citizens of that country will stay away due to the regulations. this means that millions of citizens move away from the crypto and thus it can influence other country decision too.