Why reports of a looming ban drive more people towards crypto

You might think that every news report about an impending blanket ban on cryptocurrencies would drive existing investors away and make newcomers wary about putting any money into these volatile assets. Well, you’d be wrong.

We spoke to CEOs of several cryptocurrency exchanges various experts and found that the reverse is true. Talk of a looming ban, it seems, has been driving more people to invest in cryptocurrencies. The main reason, they said, is that many people want to get in on the action quickly as any ban would make them harder to obtain.