Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Goodcat49 on April 12, 2019, 10:31:11 AM
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The Bitcoin, initial coin offering (ICO) and cryptocurrency mining ban in China will send the asset’s price higher, according to the senior market analyst at eToro Mati Greenspan. It is purported that the Chinese miners make up more than 70% of the worldwide Bitcoin output.
China’s National Development and Reform Commission (NDRC) recently issued a revised list of major industries it aims to encourage, limit or eliminate, and crypto mining appeared on that list. The list was officially released for public consultation that concludes on Tuesday May 7, 2019.
The bracket ban of the whole crypto activity in the country is anticipated to have a considerable negative sway on the network since the hash rate would decline.
Right now, it hasn’t caused any damage and from the most experience people in the industry including Alex Kruger – they think it won’t.
The CEO of Twitter CZ, captioned a screenshot of the price of BTC on September 5, 2017 – the time when BTC banned crypto – and said: “What does this say?”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/btc-price-higher/
(https://coinidol.com/upload/resize_cache/iblock/bc0/900_900_1/bc0c90ee4967f6a433594c6a1732042a.png)