0 sats \ 1 reply \ @k00b 24 Mar 2023 \ on: What happens to BTC exchange price when the fiat onramps start closing? bitcoin
It kind of all depends on how dependent bitcoin's price is on onramps, or how dependent trader whales think bitcoin's price is on onramps.
Then, the price will regress to reality, ie there being no better place to put your money when the government is trying to take it from you, and people will buy bitcoin however they can. Then, as governments get more and more aggressive, the Streisand effect will ratchet up awareness of "reality."
Yeah, that makes sense and puts a point on my curiosity. If the state does cut off onramps this will be a signal that will likely push more people to the need of something like Bitcoin. I don't think anyone knows how this will work itself out but it seems like a matter of time. Seems like we are heading for a collision between Bitcoin and the state's control of money.
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