What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ?

[squatter]

But according to this article:

Trump Banning Bitcoin Is Feasible But Highly Unlikely, Says Economist

it's not that simple

Well it's definitely unlikely, but I'm not sure I agree with Krueger's rationale. He says the President would need to "convince Congress of the need to ban Bitcoin" which isn't really true.

Trump could ban Bitcoin via executive order. Congress could only attempt to stop him by passing a new law to invalidate it. Trump could then veto the new law. Congress could only override that presidential veto with a two-thirds supermajority vote:

It has been argued that a congressional override of an executive order is a nearly impossible event, due to the supermajority vote required and the fact that such a vote leaves individual lawmakers vulnerable to political criticism.

So Trump doesn't need to convince Congress. Rather, Congress needs to have overwhelming consensus to stop him, which is a much bigger feat.

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[Pepz79]

Of course he can't. He's just a clown.

[Zicadis]

Bitcoin would take a serious blow if was banned by any major government, including the Trump administration.

Personally, I think it would send the value of Bitcoin below $3,000 and it would be very difficult to recover from in the near future. The main reason being that U.S. merchants would immediately jump ship now they realize they're messing with a potentially illegal currency.

[Alert31]

It will not affect too much in crypto industry if ever Trump will ban bitcoin in his country. One thing more it has a process before he can ban it. Other countries legally used bitcoin and not all investors comes from the jurisdiction of Mr. Trump .

[Fundamentals Of]

Bitcoin would take a serious blow if was banned by any major government, including the Trump administration.

Personally, I think it would send the value of Bitcoin below $3,000 and it would be very difficult to recover from in the near future. The main reason being that U.S. merchants would immediately jump ship now they realize they're messing with a potentially illegal currency.

LOL! Look at that! With all due respect, I would never agree. A Trump administration banning Bitcoin would send its value below $3,000? That is funny as it is beyond reason. First, because any initiative coming from Trump will not be accepted seriously. Look at how the US congress views Bitcoin. It appears the body is not on the same river as Trump. Second, this is not gonna happen. Please consider all the huge billionaire names in the US supporting Bitcoin.

[Chikito]

i think if donald trump ban bitcoin it's doesnt mater with the bitcoin prices because bitcoin holder not just from the US.

Then He will ban to other country when use Bitcoin and Trump will closed Bilateral relation ship and stoped impor product, it's not just holder outside USA but it's about political country.
In fact, Bitcoin still alive when ban by powerfull goverment, Bitcoin can use when internet and computer aroun the world still alive.

[Moiyah]

It will surely affect bitcoin's price and I can say it will dumped down to $3k again. Trump statement is powerful and the market reacts depends on how big is the news. But we can never tell, if there is no FOMO among investors, there would never be dumped in bitcoin's price.  However, if we can see the picture if ever Trump banned bitcoin in their country, a small percentage bitcoin investors will be gone thus affecting the price.

[shoreno]

i think if donald trump ban bitcoin it's doesnt mater with the bitcoin prices because bitcoin holder not just from the US.

Then He will ban to other country when use Bitcoin and Trump will closed Bilateral relation ship and stoped impor product, it's not just holder outside USA but it's about political country.
In fact, Bitcoin still alive when ban by powerfull goverment, Bitcoin can use when internet and computer aroun the world still alive.

he can only stop importing or exporting a product to other countries but not to bitcoin because he didnt hold bitcoin   . no can stop bitcoin  , you can still trade online whenever you are in the world   . there is less restriction online and you can still bypass their security using some tools  .  if ever trump bans btc , that will have an effect on the price  . the price of btc will decline but it will still recover because not all countries will be able to do the same banning  .

[nutella_11]

Well, recently I saw the article about the war between governments and cryptocurrencies so I can leave it here. And I need to say that to me - it would be perfect if USA government accepted cryptocurrencies and this Trump's statement is quite incomprehensible...

[enogheghase123]

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

you can read the article here : "https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin"

so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.

Trump decision will temporarily have an effect on bitcoin, as expected, there will be panic and lots of weak hands will sell off, but with time, things will regulate and bitcoin will bounce back, we shouldnt forget that the demand for bitcoin is globally and the USA is just about 1/3 of the world demand for bitcoin.

[iamverybusyperson]

How Donald can ban bitcoin? I don't think this is possible.
Bitcoin is not a legal payment method in USA, or is it? So people will be in prison for trading bitcoin? That's crazy.

[betty11]

Although USA is a very important country in the world when it comes to world finance, but USA is not the only country in the world, the president can not actually ban bitcoin, if it were possible and he did, the market of bitcoin and its bullishness will go on and many traders will just exit USA because once you have tested the profit of bitcoin, you will earn for more.

[killat]

Trump will never ban Bitcoin. If he could do it, Btc would have been already banned till now.

However, hypothetically speaking,  if US would ban Btc, I think temporary we might see a price drop to ~4-5k again.

[bitcampaign]

He is not a fan of bitcoin, my parents are not fans of bitcoin, my friends are not fans of bitcoin, so the problem here is that he does not say that he hates and gives serious threats to bitcoin users in his country, only you read junk news that is often created to create headaches , but unfortunately the price of bitcoin is being corrected not because Trump said that, so all bitcoin users and traders are more mature and smart enough, you can see out there a lot of media that is paid to make scary news even though it looks normal news, all will alright, see it later

[pawanjain]

The crypto community consists of members from all around the world. US alone consists of a heavy percentage of people who are active crypto users.
So if Trump bans cryptosurrency in the U.S. then it will surely create a big impact on the price of bitcoin.
The price of bitcoin will fall down for a while as many users will try to sell their coins. Once the price has met the bottom it should then increase over time.
So even if Trump bans bitcoin it will just create a temporary effect on the price of bitcoin.

[Trading]

Is there any doubt that bitcoin would crash heavily if the USA banned it? All exchanges registered there would close and all american legal investors and funds would drop it.

Trump's tweets are not taken very seriously, but if it wasn't the main factor there are little doubts that his tweets helped bitcoin crash.
https://twitter.com/TheTIEIO/status/1150415614722433024

Imagine an american ban!

Not all publicity is good when we are talking about money.

And many influential commentators, politicians and studies are adding more negative fuel to the fire
https://www.project-syndicate.org/commentary/cryptocurrency-exchanges-are-financial-scams-by-nouriel-roubini-2019-07
https://research.bloomberg.com/pub/res/d28giW28tf6G7T_Wr77aU0gDgFQ
https://home.treasury.gov/news/press-releases/sm713
https://www.wsj.com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600

[rodel caling]

We need to admit that if president of united states of America ban bitcoin it's really obvious there have and big effect for the price goes drops.
The last thought of trump their have an slight effect for bitcoin price drops because of panic, but I believe even bitcoin goes not into the zero if trump ban bitcoin.

[ansarose1]

I think that even pres. Trump doesn't like bitcoin, he would not right away ban it, but still be possible to do so. Pres. Trump was not a fan of crypto or not a crypto enthusiast so we can possibly say he can ban it possibly but i think not immediately taking decisions.

[Tahsin Kabir Kollol]

In my opinion, if Donald Trump can ban Bitcoin, it will not make a heavy influence on bitcoin price. Because most of the countries are not accept Bitcoin as their main currency. The USA is also not accepted Bitcoin as the main currency. So there is little effect on Bitcoin price after Bitcoin ban for the USA. People who have not enough knowledge about bitcoin, they can make the price down by panic selling for few duration.

[joinfree]

The price might suffer slight fluctuations for a while but it would definitely come back up. Well Bitcoin existed before Donald Trump assumed the position of being the president of United States of America. Who cares if Donald Trump is not a fan of bitcoin but seriously don't fall for these schemes of whales okay. I am sure Donald Trump has some bitcoins stored on his ledger wallet. Most whales come up with such news just to shake the market and make people sell their Bitcoins.