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IMF legalized it?
I have no idea. But there's no law keeping you from purchasing crypto currency.
Yeah. So my point is to ask if crypto will rise if it gets legalized or not
Ok. Well it's not illegal right now, so it meets the definition of "legalized."
So will the price rise after government says a yes to crypto?
Says yes to what? Again, you can go and buy it right now. There's no law saying buying crypto is illegal.
I mean if they come up with regulations, will the price rise?
Regulations typically means fees. That means that either the seller will eat the fees (he loses money) or the buyer will need to pay more. Nobody but the government will "win" from regulations on electronic regulations.
Yea but despite this, I mean will they pump up prices, and will price rise? Will buyers increase?
They regulate cars very heavily. This is why new cars are so expensive. Do you think most people buy new cars or used cars?Regulations will make crypto more difficult/expensive to buy AND sell. It will lower demand.
The point of crypto is it is going up whether governments legitimize, approve, legalize, or ban it. Government: We accept crypto, crypto is good, we approve.Crypto: Going up. Didn't really care if you approve or not. Government: We fight crypto, we hate it, crypto is bad, we disapprove.Crypto: Going up. Don't really care if you approve. Crypto was designed intentionally to be outside the reach of government intervention. What are you going to do, shut down the internet and all electronic communication between people? yeah right.
@Leonharted you're exactly right about the cars analogy. This is why I use certain ways to buy and sell crypto and avoid the regulated public ones for the most part.