If China soon welcomes crypto: strong bullrun?

[Gyrgen]

Ban or not, it doesnt matter because this market could pump out with or without them. Come to think that we've been into those peaks without needing anyone.
It would matter in overall or global recognition or adoption but of course there would be some exclusions into those countries or government who do really hate up crypto.
Somehow we cant really be able to deny that on the time that China would really be kicking in then it would really be giving out that kind of significant effect
which it could drive up the price even more. Cant really deny their purchasing power when it comes on everything.

The growth of the crypto market in the 2021 bullrun is perhaps the clearest evidence that the crypto market is not dependent on any country. However, it would be better if the market had more investors and money flow.

Many people have blamed the fact that BTC was unable to reach $100K in 2021 on the FED's decision or the weak participation of Chinese investors. Therefore, I believe that when investors in the world's second largest economy participate in the crypto market, the explosion of crypto will be even more violent, especially for tokens with teams in China such as Neo and Tron.

I hope that the experiment in Hong Kong will soon bring good results and that China will open up to crypto in early 2025, creating the momentum for crypto total cap to surpass Gold cap ~ $15.4T in this cycle.

Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.

[MrSpasybo]

Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.

Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.

[doc]

Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.

Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.

Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto market

[MrSpasybo]

Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto market

I don't dare to expect such a big change from the Chinese government, because it may not be really good if crypto is accepted hastily without being studied carefully enough. El Salvador can easily adopt BTC because they don't have a national currency, while China has a strong national currency, the CNY. A bad crypto strategy can cause problems for the economy and the consequences will be global, negatively impacting many markets.

I also don't like the crypto ban in China, I don't like things to be too extreme, especially when it comes to economics and politics. It would be better if China gradually opened up to crypto in order to research and comprehensively assess the potential impacts of crypto on society, and then find a suitable way to manage it in order to protect the people, while also collecting taxes to supplement the national budget.

[yohananaomi]

Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.

Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.

Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto market

China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.

[MrSpasybo]

China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.

China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.

[bayu7adi]

I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.

Sorry friends, but I don't agree with the statement that blockchain requires crypto... because as far as I know, blockchain is a collection of chained data and it is not always represented in the form of cryptocurrency. China can still implement blockchain technology for the needs of its government or citizens without having to involve crypto...

For crypto itself, I think China is more focused on their own CBDC, where in recent years they have been researching and conducting many experiments to empower this CBDC.

[target]

I heard the Hongkong regulator is approving their BTC ETFs. This will certainly make the bull run continues.

[yohananaomi]

China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.

China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.

China really wants to always be at the forefront in the application of technology and be able to create something that is the same as what already exists. You are right, to avoid breaking the rules, you can be sure they will use another concept. It could even be similar or better in terms of the concept. We're waiting for that because I foresee no difficulty for them to be able to implement that at some point., Agree that they must first be willing to accept crypto so that there can be comparisons or to make it easier to do what they want to do in their own way.

[KingsDen]

China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.

China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.

I was surprised when China declared ban. I wasn't expecting them to do so because they have foresight and should have seen the future of bitcoin and cryptocurrency. I had thought that it was a strategy to make US ban bitcoin as well and they will return to colonize the industry. But their ploy failed. I have known China to be the rival of US and vice versa. Maybe the reason US didn't toe their lane. Expect China's return to the industry in a big and dynamic way.

[Alston Liu]

I heard the Hongkong regulator is approving their BTC ETFs. This will certainly make the bull run continues.

Yeah I have the same feelings. The action by Hong Kong could be partly the attitude of China. China will do what it needs for the economy. Because of the characteristics of Hong Kong, it could be a good place to test the water and also release the signal for investors from China. Overall it will contribute to the crypto markets

[Google+]

Yeah I have the same feelings. The action by Hong Kong could be partly the attitude of China. China will do what it needs for the economy. Because of the characteristics of Hong Kong, it could be a good place to test the water and also release the signal for investors from China. Overall it will contribute to the crypto markets

If the bull run continues, then why has the price of Bitcoin on the market shown an extraordinary decline recently? Shouldn't the price of bitcoin rise again and surprise many people again? I don't think Hong Kong will have any influence on China and will remain with its stance of not caring about any type of cryptocurrency, including Bitcoin.

[Alston Liu]

Yeah I have the same feelings. The action by Hong Kong could be partly the attitude of China. China will do what it needs for the economy. Because of the characteristics of Hong Kong, it could be a good place to test the water and also release the signal for investors from China. Overall it will contribute to the crypto markets

If the bull run continues, then why has the price of Bitcoin on the market shown an extraordinary decline recently? Shouldn't the price of bitcoin rise again and surprise many people again? I don't think Hong Kong will have any influence on China and will remain with its stance of not caring about any type of cryptocurrency, including Bitcoin.

I think one of the reasons is that China has been out of the loop for a while in the cryptos market. It has sizes and potential and hasn't been a huge voice yet due to its own policy against cryptos in the past years. People in China still have buying power but considering the economic downtrend recently their attitude toward Bitcoin is still up in the air. The impact may not come right away. Besides, Hong Kong is considered one of the largest financial centers in Asia. Though it was left behind in this industry, the signals of embracing cryptos can boost the confidence of people in China.

[LUCKMCFLY]

I have a position in China that is very opportunistic with the issue of bitcoin and crypto, for them the best is their own stablecoin, and there is no other, because for bitcoin they have done a very good job propagating it and then completely filling bitcoin with FUD Of course, I am a person who does not believe in any government, any politician, no matter how much he says and promises good things, because it is very similar to what Elon Musk did because he spoke badly about bitcoin, so these types of things for a country that tell them now that it is pro-bitcoin or pro-crypto, because there is a very large itnere's, of course it will give a bullish impulse, but it will also exert strong pressure on those Chinese citizens who have great control over them, it is beneficial so that they can raise the price of bitcoin, but I wouldn't trust much of what this country says because I know that later they will speak badly about bitcoin.

[doc]

I have a position in China that is very opportunistic with the issue of bitcoin and crypto, for them the best is their own stablecoin, and there is no other, because for bitcoin they have done a very good job propagating it and then completely filling bitcoin with FUD Of course, I am a person who does not believe in any government, any politician, no matter how much he says and promises good things, because it is very similar to what Elon Musk did because he spoke badly about bitcoin, so these types of things for a country that tell them now that it is pro-bitcoin or pro-crypto, because there is a very large itnere's, of course it will give a bullish impulse, but it will also exert strong pressure on those Chinese citizens who have great control over them, it is beneficial so that they can raise the price of bitcoin, but I wouldn't trust much of what this country says because I know that later they will speak badly about bitcoin.

In fact, we know that China is one of the countries with the largest economy in the world, but until now China has not supported and allowed bitcoin and crypto there. Maybe if China legalizes bitcoin, the price of bitcoin will be higher than today because it has a large crypto community.