Comment Bitcoin is designed for hostile environment (Score 2, Insightful) 116
Bitcoin itself is a long random number.
In essence, having bitcoin is knowing such long random number that nobody else knows. Another feature is that it is easy to hide bitcoin, the same way as easy to hide random number.
Unfortunately for India, banning bitcoin will unavoidably cause Streisand effect. People looking to preserve the wealth will see that BTC is available and not-illegal elswhere. Since India has reputation for bottomless corruption, BTC will become an instrument of choice.
I think that BTC will be valued at $20k by the end of the year, due to India demand alone.