🇨🇳 CHINA CRYPTO BAN - FOREVER? My Honest Take
Saw that viral question: "Will China permanently ban crypto?"
Here is what I think 👇
1) FACT: China has officially "banned" Bitcoin 13+ times since 2013. But Chinese trading volume is still in Top 3 in the world! How? VPNs, OTC, Hong Kong route. You can't ban decentralized code!
2) REALITY: China is not anti-blockchain. They love blockchain! They are launching Digital Yuan (e-CNY) and making Hong Kong Asia's crypto capital. They want CONTROL, not ban.
3) PREDICTION: I think full ban will NOT stay forever. Like they unbanned gaming & tech after regulation, crypto will be regulated and heavily taxed in next 2-3 years.
Do you think China will ever UNBAN crypto? Bullish or Bearish? Comment below 👇
#BTC #ChinaCrypto #bitcoin #CryptoNews #bearish
Saw that viral question: "Will China permanently ban crypto?"
Here is what I think 👇
1) FACT: China has officially "banned" Bitcoin 13+ times since 2013. But Chinese trading volume is still in Top 3 in the world! How? VPNs, OTC, Hong Kong route. You can't ban decentralized code!
2) REALITY: China is not anti-blockchain. They love blockchain! They are launching Digital Yuan (e-CNY) and making Hong Kong Asia's crypto capital. They want CONTROL, not ban.
3) PREDICTION: I think full ban will NOT stay forever. Like they unbanned gaming & tech after regulation, crypto will be regulated and heavily taxed in next 2-3 years.
Do you think China will ever UNBAN crypto? Bullish or Bearish? Comment below 👇
#BTC #ChinaCrypto #bitcoin #CryptoNews #bearish
