Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: CryptoZenWorld on July 12, 2018, 11:30:29 AM

Title: The major investor of Bitcoin?
Post by: CryptoZenWorld on July 12, 2018, 11:30:29 AM

Many people are saying bitcoin is the currency of China. Because the most minner and investor are from China. Also, the Bitcoin hash rate is controlled by the Chinese.

What do you think? is it true?

Title: Re: The major investor of Bitcoin?
Post by: dominoes on July 12, 2018, 03:46:38 PM

I don't have any idea because as far as I know U.S is the top crypto holder then next China I am not sure. Could you provide some findings about that matter?
Thanks in advance.

Title: Re: The major investor of Bitcoin?
Post by: CryptoZenWorld on July 12, 2018, 08:55:35 PM

Quote from: dominoes on July 12, 2018, 03:46:38 PM

I don't have any idea because as far as I know U.S is the top crypto holder then next China I am not sure. Could you provide some findings about that matter?
Thanks in advance.

I don't have any material to prove it now but I had found an article about it. but it is true that most of the bitcoin miner were from China. Also, you could see in the news that more mining farm and exchanges are being closed in China by govt. also, some analysts say that China is losing his 90% control from bitcoin.
News source: https://www.ccn.com/experts-fear-china-losing-90-control-over-bitcoin-market-forgetting-govt-ban/

So, I think China was. Now, it is losing the market of bitcoin due to govt activity.