If China soon welcomes crypto: strong bullrun?

[Syedbesharat]

Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto

[armanda90]

Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto

Believe or not, China is the country that has had the most influence on the development of crypto and was the first country since Bitcoin was introduced to the public and China adopted it, even though it was only limited as a commodity asset for trading or investment.
However, China had different view of bitcoin several years ago by making regulations prohibiting all types of transactions related to bitcoin and cryptocurrency, but if they reopen the potential to make bitcoin a legal transaction tool and the potential for bitcoin to reach the latest ATH price could even be more than $100 k.

[Jamal Aezaz]

Yes, if crypto is welcomed in China, it will have a huge impact on the crypto market because China is one of the largest countries. If crypto demand increases, the market will also grow

Yes the growth of crypto will be effected with the acceptance of bitcoin by China because with the acceptance from majority of people the demand for Bitcoin will increase therefore it is estimated that in near future the price of Bitcoin will be higher and common people will be unable to buy it therefore take the advantage today and hold it longer.

Demand has a positive impact on Bitcoin price so when more people are buying it the more it will be elevated and sometimes due to rumours the price of Bitcoin decreases but all bad news disappears as they are temporary. We should wait for positive news and increasing demand because these are the only causes that help us to get increased reward.

[TomPluz]

Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto...

There is already a big rumour now that China is going to reconsider its blanket ban on cryptocurrency and may one day open its market maybe to limited coins most especially Bitcoin and Ethereum. Right now, Hong Kong, an administrative region under China, is allowing cryptocurreny and I am sure there can be some Chinese from the mainland who are into it. In case China will reopen its market this will be a big boost to Bitcoin and the whole crypto industry and can be a staggerring big good news for all to rejoice. The only thing I don't like with that idea is that China can be a big source of so many FUDS that can somehow manipulate the market...which actually happened in the past.

[yohananaomi]

Yes, if crypto is welcomed in China, it will have a huge impact on the crypto market because China is one of the largest countries. If crypto demand increases, the market will also grow

Yes the growth of crypto will be effected with the acceptance of bitcoin by China because with the acceptance from majority of people the demand for Bitcoin will increase therefore it is estimated that in near future the price of Bitcoin will be higher and common people will be unable to buy it therefore take the advantage today and hold it longer.

Demand has a positive impact on Bitcoin price so when more people are buying it the more it will be elevated and sometimes due to rumours the price of Bitcoin decreases but all bad news disappears as they are temporary. We should wait for positive news and increasing demand because these are the only causes that help us to get increased reward.

Its population is indeed very high and there are quite a lot of enthusiasts about the existence of crypto. It is natural that China will have a very significant influence on the movement if China legalizes it again. You are right, it is not impossible that the demand for Bitcoin will increase sharply, which in the end, demand will be greater than supply, which will make the price increase sharply.
So we are waiting for the good news for a while and, hopefully, there will be no news that will actually make Bitcoin fall again when the good news comes, because the influence of news is very sensitive and could happen.

[MrSpasybo]

Its population is indeed very high and there are quite a lot of enthusiasts about the existence of crypto. It is natural that China will have a very significant influence on the movement if China legalizes it again. You are right, it is not impossible that the demand for Bitcoin will increase sharply, which in the end, demand will be greater than supply, which will make the price increase sharply.
So we are waiting for the good news for a while and, hopefully, there will be no news that will actually make Bitcoin fall again when the good news comes, because the influence of news is very sensitive and could happen.

Currently, we know that China impact on the crypto market persists even after China has banned crypto trading and mining. China continuous interest rate cuts have raised concerns about a global economic crisis, causing financial markets to decline in worry, and crypto is also partially affected.

This reaffirms China significant role in all financial markets. I will continue to monitor the positive development of crypto in Hongkong and await China announcements regarding crypto approval on the mainland. This seems inevitable, it's just a matter of time.

[Baofeng]

Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto...

There is already a big rumour now that China is going to reconsider its blanket ban on cryptocurrency and may one day open its market maybe to limited coins most especially Bitcoin and Ethereum. Right now, Hong Kong, an administrative region under China, is allowing cryptocurreny and I am sure there can be some Chinese from the mainland who are into it. In case China will reopen its market this will be a big boost to Bitcoin and the whole crypto industry and can be a staggerring big good news for all to rejoice. The only thing I don't like with that idea is that China can be a big source of so many FUDS that can somehow manipulate the market...which actually happened in the past.

Everyone is welcome though to comeback in the fold of crypto, specially Bitcoin and Ethereum as once China has been dominating the industry like in the mining and there are a lot of exchanges that come from them. But knowing their government, I don't know if that rumor will become true as they are now or at least the sitting leaders are against crypto.

Personally, we are doing good since they ban everything that relates to crypto and so I wouldn't put a bet that they will make a U-turn and change their stance. If they will then good for the market, but if they don't want to, we will find other countries that will take the lead.

[Pastaral]

If China welcomes cryptocurrencies and eases regulatory stance with it.Then the popularity of this cryptocurrency will increase and people will be willing to invest in it because if China welcomes cryptocurrency then the crypto market may lead to a bull run.Due to China's large economic power and large population, it may become one of the major cryptocurrency markets in the world.

[bright4mech]

A country can not stop bitcoin as long the internet exist bitcoin and other alt-coin we continues growing in the digital market. Note that, it may be a strategy china used to buy at dip point, because any time negative news come up, most private and institute sell in panic and bitcoin price normally dropped. Let watched out the bull run that is around the corner. 

[Cech1337]

The crypto market has suffered many negative impacts when China has made tough decisions against crypto in recent years:

• 2013: China bans banks from crypto transactions
• 2017: China bans crypto initial coin offerings
• 2019: Attention turns to bitcoin mining
• 2020: Enforcement ramps up
• 2021: China bans crypto trading and mining^[1]

Every time there is negative information from China, the crypto community often worries because bans can cause the crypto market to lose investors and abundant cash flow from China. However, the crypto market continues to grow and is not dependent on any country. Even when China banned Bitcoin mining, miners came to the United States and helped the United States become the leading country in mining power, accounting for 35.4% of the hash rate, nearly double the second place, Kazakhstan, with 18.1%^[2].

You've outlined an insightful perspective on China's evolving stance toward cryptocurrencies. It’s true that China has had a significant impact on the crypto market with its various regulatory actions over the years:

2013: The ban on banks from handling crypto transactions.
2017: The prohibition of Initial Coin Offerings (ICOs).
2019: Increased scrutiny on Bitcoin mining.
2020: Heightened enforcement of crypto regulations.
2021: The comprehensive ban on crypto trading and mining.
Despite these stringent measures, the resilience of the crypto market is evident. The migration of mining operations to the U.S., which now leads in hash rate, underscores the sector's adaptability. The fact that miners have found new opportunities outside China demonstrates the global nature of the crypto ecosystem.

Your point about China’s nuanced relationship with cryptocurrencies is also important. While the Chinese government has imposed bans and restrictions, it hasn't completely stifled individual ownership or peer-to-peer trading. This suggests a more complex approach than a blanket ban.

The development of China’s Central Bank Digital Currency (e-CNY) and its expansive rollout—such as the 120 million wallets and widespread merchant adoption—indicates that China is experimenting with digital currencies in a controlled manner. Hong Kong’s recent move to embrace crypto could indeed be part of a broader strategy to test and eventually integrate digital currencies more fully into the economy.

Your optimism about China potentially opening up to crypto by 2025, and the possibility of a significant bull run, reflects a hopeful scenario where regulatory clarity could drive substantial growth in the market. If China does eventually embrace crypto more openly, it could indeed lead to a major influx of capital and drive prices, including BTC, to new highs.

It’s crucial to remain informed about geopolitical and regulatory developments, as they can significantly influence the market. Thanks for sharing your detailed analysis and optimism for the future!
Besides, China's relationship with cryptocurrency is more nuanced than the simple "banned" label often applied by Western media. While authorities cracked down on several aspects, individual ownership and peer-to-peer trading remain largely untouched^[3].

There are many reasons for this problem, I think that by pushing crypto into the gray area, China might keep crypto at arm's length while exploring blockchain tech and central bank digital currencies e-CNY from 2019: 120 million wallets, 26 cities serving as test beds and 5.6 million merchants registered to use the currency national, total transactions had reached 950 million with a cumulative value of 1.8 trillion yuan (US$249.9 billion) by the end of June 2023^[4].

Recently, Hong Kong, which is considered a territory strongly influenced by China, has opened its doors to crypto^[5]. This may be an experiment with crypto that China wants to conduct before opening up and adopting crypto in the mainland.

I personally believe that China is wise enough to realize the potential of crypto for the development of the economy, at least regarding the lucrative crypto tax source for the national budget. They are just developing their own CBDC and conducting small-scale testing in Hong Kong before opening up to crypto throughout the territory. If this happens, a huge amount of capital from Chinese investors could flow into the crypto market and create strong growth. I hope that this comes in 2025 and we have an extremely strong bullrun and take BTC to $100K.

What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
[1] China Crypto Bans: A Complete History
[2] 60+ Bitcoin Mining and Energy Consumption Statistics For 2024 You Need to Know
[3] China Never Completely Banned Crypto
[4] What’s the state of China’s digital yuan in 2023?
[5] As the US cracks down on crypto, Hong Kong extends a warm welcome

[PX-Z]

Remember China bans bitcoin wayback it cause massive stress and price dump all over the in the space, but its was only temporary, people just FOMO and sells. While it recovers just months since it was announced.
Now if they unban bitcoin and crypto which is very unlikely, that could lit fire and probably cause bullrun on certain level. But its only what if, since accepting again on what they decided to ban is not an attitude of this country.

[yohananaomi]

If China welcomes cryptocurrencies and eases regulatory stance with it.Then the popularity of this cryptocurrency will increase and people will be willing to invest in it because if China welcomes cryptocurrency then the crypto market may lead to a bull run.Due to China's large economic power and large population, it may become one of the major cryptocurrency markets in the world.

Many hope that China will be able to accept crypto again and not only fans but also its citizens hope for it Because we know that the crypto community there is very large, and it is a country with a very advanced economy. It will certainly have an impact on positive things happening to crypto next.
Especially when the halving period is over, and we are just waiting for the bullish season to come, and this news will further encourage crypto to increase sharply.

[Cryptsafe]

If China welcomes cryptocurrencies and eases regulatory stance with it.Then the popularity of this cryptocurrency will increase and people will be willing to invest in it because if China welcomes cryptocurrency then the crypto market may lead to a bull run.Due to China's large economic power and large population, it may become one of the major cryptocurrency markets in the world.

Many hope that China will be able to accept crypto again and not only fans but also its citizens hope for it Because we know that the crypto community there is very large, and it is a country with a very advanced economy. It will certainly have an impact on positive things happening to crypto next.
Especially when the halving period is over, and we are just waiting for the bullish season to come, and this news will further encourage crypto to increase sharply.

Hoping that China would be on record as a world power to legally accept crypto is  gradually fading away, and as a matter of fact, the wave is now changing direction towards the USA with Donald Trump making promises favourable to the crypto community, and if he wins, it would be on record that China once had the opportunity to do so, but they neglected the chances of being the leader and implemented laws holding crypto currency  and crypto enthusiasts stand still. 

Looking at the speech made by  President Donald Trump, I believe if he wins, the USA would take the lead in crypto just as he has said and believe me, if USA implements all h has said there would be a gradual adoption and implementation of crypto currency in other governments as I believe many nations are looking up to the USA and would follow same step as the USA.

[MrSpasybo]

Remember China bans bitcoin wayback it cause massive stress and price dump all over the in the space, but its was only temporary, people just FOMO and sells. While it recovers just months since it was announced.
Now if they unban bitcoin and crypto which is very unlikely, that could lit fire and probably cause bullrun on certain level. But its only what if, since accepting again on what they decided to ban is not an attitude of this country.

I think China's past bans related to numerous Lending or ICO scams, which caused Chinese investors to suffer losses. Additionally, China often tends to ban what they are not ready to regulate. This might not happen now as crypto is currently being experimented with in Hongkong, and China can observe to better understand the potential of this new market.

I believe that once China accepts crypto, we will see strong growth in this market, although I'm unsure if it's the beginning or the end of bullrun. Regardless, in the long term, this is also a positive possibility for us to monitor and have expectations.

[Stompix]

I don't see how anyone thinks China will unban crypto trading these years, it goes against everything China plans now with its economy.

China faces a real estate crisis, it needs approximately 2 trillion to prop up prices for its biggest economic sector, do you think it will allow money from private investors to go to a different sector not under their control? They need every penny to go back in housing, why allow it to go somewhere else?
Capital control, is the basic policy of China, they will never allow for a way to transfer wealth without having a tiny bit of control over it, how can anyone assume they will let the population have access to a thing then can send millions ina  flash outside their jurisdiction?

Besides, why would China want to let their people invest in assets that would produce billions of wealth for ETH holders in the US?