From 1920 until 1933 alcohol was prohibited in America. The prohibition was abandoned because no one stopped drinking. World governments are close to prohibiting crypto. They can expect the same result.

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Discussion

I wonder whether it’d be an epic buying opportunity or if the price would go up because of it.

Price shoots up as demand exceeds supply, counterfeits pop up

Miner supply will be invariant, but there will be so much fud that supply should be huuuge for a bit. MSTR for example would have to liquidate.

It’ll make the exchange rate of Bitcoin go up. Like in all black markets, the price of desirable things goes up due to constraints.