If China soon welcomes crypto: strong bullrun?

[bayu7adi]

Because China is one of the key countries in the world economy, I can say yes, if China allows Cryptocurrencies more freely, I am sure it will be the starting point for a massive bullrun. The CBDC is still in the trial phase, but I think the development is the fastest compared to the implementation of CBDC in my country.

Even now, China seems to be taking several steps earlier to respond to the existence of cryptocurrencies, but that is with a model where the government can still have power over legalized cryptocurrencies.

[UNIVERSE]

So far, there has been a lot of positive news about Bitcoin and this is quite normal. because after all, we will face the Bullsih era. At this time, the BTC price has already surpassed last season's ATH, and will definitely rise significantly. So, with the news from China, maybe it will only have a small impact, or maybe not. Because, a positive trend has already occurred and this will continue. At least, this is much more widespread than asking FUD again and again from the country.

[bitterguy28]

China did not welcome Bitcoin/crypto up to now but look at how Bullrun happens , the crypto market not need China to grow because there are lots of big players that can contribute more than how much china can bring.
but we will be welcoming this country of course as their contribution will give the market more value in time.

[MRY]

China did not welcome Bitcoin/crypto up to now but look at how Bullrun happens , the crypto market not need China to grow because there are lots of big players that can contribute more than how much china can bring.
but we will be welcoming this country of course as their contribution will give the market more value in time.

I understand that exchanges do have users from various countries, even if China does not accept cryptocurrency trading there are still many people from other countries providing support for Bitcoin, but if there is good news they start accepting Cryptocurrency trading and provide support for Bitcoin then the price of Bitcoin will increase very high, much higher than the current price, which is clear that currently there are still many countries that have not fully contributed to Bitcoin. I really hope that other countries start to accept and provide clear legality regarding the use or trading of Bitcoin.

[FOKA33]

From my own perspective I think china been historical to adverse cryptocurrency, by been some belief that the country may soften it stance. A lot of people believe that china regulations as a cryptocurrency friendly country might lead to a bullrun due to the mass population and economic Influence of the country. Though china having a lot of potential for growth in the cryptocurrency space.

[Themepen]

From my own perspective I think china been historical to adverse cryptocurrency, by been some belief that the country may soften it stance. A lot of people believe that china regulations as a cryptocurrency friendly country might lead to a bullrun due to the mass population and economic Influence of the country. Though china having a lot of potential for growth in the cryptocurrency space.

I think China changing views on cryptocurrency are important for global crypto market. If China starts to support cryptocurrencies more it could have a big effect because of its large population and strong economy. If China makes rules that are good for crypto it could make more people invest and cause prices to go up.
It is important to be careful about how we see China changing views on cryptocurrency. We need to keep close eye on what China does with cryptocurrency and think about how it could affect whole world of crypto before we decide to invest based only on this.

[bounceback]

China is the most influential country at the moment and has quite promising potential for the future if you really want to make Bitcoin a legal transaction. Being able to control the global economic sector is very easy for China to get a positive response if it wants to make bitcoin a legal transaction, but in reality it is a little difficult considering that China has a bad reputation and has banned bitcoin transactions several times.
Firstly, bitcoin get good respond in China but after several years many ICO project launching there and suddenly China government close all operation with bitcoin including mining.

[Litzki1990]

One of the big economic country is China and they do business in almost all the countries of the world and their economic condition is very strong. China seems to be taking different decisions from time to time when it comes to cryptocurrency decisions. Sometimes it is seen that China is positive about cryptocurrency and sometimes they are negative. If China makes clear decisions on cryptocurrency and if that decision is in favor of Bitcoin or cryptocurrency, then the value of Bitcoin will definitely increase because then the number of investors in Bitcoin will increase a lot. Many may be waiting to invest and wait to see what China decides about Bitcoin, so China's decision will have some impact on the market.

[bettercrypto]

China did not welcome Bitcoin/crypto up to now but look at how Bullrun happens , the crypto market not need China to grow because there are lots of big players that can contribute more than how much china can bring.
but we will be welcoming this country of course as their contribution will give the market more value in time.

During the bear market, I didn't feel that China was supporting bitcoin or cryptocurrency. Now that we are in a bull run, I can't say that China will be the main reason for the bull run to strengthen.

Well, for me, I doubt and don't believe that because of China, the bull run will get stronger. China still doesn't have the support; Bitcoin is actually strong; maybe China can be a part of or one of the whale investors, but not at that point.

[Mr. Allcrypto]

Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.

[elbans89]

Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.

Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?

[Jating]

Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.

Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?

It's true, but we have seen their government becoming anti-crypto, with all of their attacks like in Bitcoin mining wherein they said that it harms the environment argument. And as much as bitcoin is giving financial freedom, their their oppressive and authoritative government allow that to happen? And if you haven't heard, their President already admitted that they are in a economic crisis.

https://www.youtube.com/watch?v=UsOC-J8VxSM

[IvugeoEvolutionCoin]

Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?

That is why the Chinese government does not want to legalize crypto because they already understand the very high risks in cryptocurrency. They are one of the largest economic populations so they don't want to use cryptocurrency because they are worried that it will have a bad impact on their citizens and country.

[Charles-Tim]

That is why the Chinese government does not want to legalize crypto because they already understand the very high risks in cryptocurrency. They are one of the largest economic populations so they don't want to use cryptocurrency because they are worried that it will have a bad impact on their citizens and country.

China did not illegalize cryptocurrencies either. Bitcoin and other cryptocurrencies are considered as digital properties and they are not illegal in China. What confused people is that China did not consider bitcoin and other cryptocurrencies as as currencies but as properties.

[Cryptsafe]

Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.

Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?

I would agree with you on this point you have made. I believe if the Chinese government comes out publicly to declare their interest in accepting and adopting bitcoin and crypto currencies as a means of payment for services, believe me, whether bear or no bear market, bitcoin and crypto would plummet big time because of the influence the Chinese market has over other world markets. Just as you have said, the world economy, population, and every other thing that gives China a good edge over other nations are readily available to accept bitcoin for payment, and if this happens, I believe the world will follow suit as China gets more influence over most nations of the world.