What will happen if they removes the ban on crypto?
We will probably see an inflow of capital never seen in the crypto market in its entirety, not just on Bitcoin.
And this will happen even if the their government does not remove the ban on crypto. Because the way to invest is always found even in the face of a state ban.
Some time ago it was said that the next bullrun could be pushed by their liquidity initiation, that that time has arrived? In my opinion only in part.
Their market is not as powerful as the American one.
Because let's face it,
it is the American market that moves financial assets, it is the American stock market that is the most important and the most liquid, even if the world is dividing between West and East this division is not yet so marked and the dollar still has its strong weight on the markets.
Bitcoin is being bought all over the world of course, but who is buying billions?
BlackRock, Microstrategy, Coinbase, Tesla, Galaxy Digital Holdings and many other investment funds that offer spot etfs on btc.
In conclusion,
I think the this market won't make all this difference unless they remove the ban on crypto. If that were not the case, we will live the bull market in the same way even without them.