For context, that is nearly half of a billion dollars worth, it is hardly a small amount. Try selling half a billion dollars of anything on short notice and you'll observe similar market reactions. I think that the fact that the market swallowed up that kind of volume is indicative of Bitcoin becoming more mature in a market sense, not less.

Any nation state that bans crypto assets just pushes development and innovation out to the more accepting countries. And so you have game theory against other competing nation states, where if you ban it and they don't, capital flight occurs and you end up losing in the long run.