Okay before asking, "What is a fudder doing here?" I have to first say that I am a big supporter and fan of blockchain technology and crypto in general. However, I do believe that the U.S needs to ban crypto ASAP for crypto's own well being. In this article, I will explain why I believe the U.S needs to ban cryptocurrencies.

The negative effect of the U.S on crypto

For the past few months and even year, the SEC, Warren, and primarily Garry Gensler has been on a roll trying to "regulate" and ban for various reasons. This causes many U.S people and other potential investors around the world to be scared into buying cryptocurrencies. Unfortunately, however, this also prevents normal investors to have trust in the crypto market. All of this fear and uncertainty (FUD) is really stunting the growth of Bitcoin, even during this huge rally.

What will happen if the U.S bans crypto?

If the U.S bans crypto, it will have a huge initial negative affect on the prices of many different cryptocurrencies. However, over time, I do believe that the crypto prices will skyrocket afterwards.

Think about it this way, if you look at mass extinction events during the different eras, species diversity initially goes down really low, and then it regrows even larger than the previous species diversity before the extinction due to the few surviving members who had good genes. In this example, the U.S banning crypto is the extinction event and the "bad genes" is the regulations and such. With the removal of the U.S, cryptocurrencies will no longer have anything holding it back. Sure, the U.S market will be gone, but the FUD around the other investors around the world will no longer be present.