How big would the price drop be if regulators decided to unplug Bitcoin’s access the traditional currency bank/payments network? Like, does it become a stranded asset?
Depends what regulators (assume you mean US) and what you mean by unplug--like an OFAC block? Many banks already block credit card txns with exchanges, so to some extent we already live in that world
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Yeah, I mean like dropping the hammer and saying it’s illegal to facilitate the conversation of Bitcoin into dollars
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hmm i have to imagine the number would be double digits, but also there would be big lawsuits against the government which would create uncertainty around the permanence of the regulatory regime. gut feeling, down 30-35%?
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