also the greater the institutional adoption the less chance they would ban it. the probability shrinks every day. If the blackrocks and big banks start to adopt, its not going anywhere. regardless, i dont think crypto needs btc anymore, sure its still very correlated, and btc is the tide that comes in and out, but most smart developers recognise the bitcoin source code is poor and outdated. it has first mover advantage, is trading with high correlations to commodities (which have been rocketing recently too) and behaves according to its halving cycle, which is why we've seen another spectacular run.
even if they did ban it, i think the crypto space would just experience a temporary recession before continuing to give new and exciting projects.
even if they did ban it, i think the crypto space would just experience a temporary recession before continuing to give new and exciting projects.