If China soon welcomes crypto: strong bullrun?

[legend45]

The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.

It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.

Their government is already aware of the capabilities of Cryptocurrency buy I think they're just worried about their citizens using it for money laundry or being victims or involved in Cryptocurrency scams it's not as if they're not aware of it's potential moreover one of the biggest exchange is owned by a Chinese so it means thst most of their Citizens are very knowledgeable about it and can't wait to jump into the market when their government finally bounce back into it. China as one of the biggest economy in the middle could be one of the driving force for Bitcoin getting above the 100k mark sooner and if they get into Cryptocurrency before the 1st quarter of next year then the possibility of that happening faster could be very imminent.

The Chinese government is concerned about crypto, perhaps they think crypto can be misused by its citizens, for example money laundering and illegal activities. but we see that many Chinese citizens have become crypto investors, so actually the citizens already understand about crypto, only the government doesn't allow it.

[Sim_card]

The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.

It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.

Their government is already aware of the capabilities of Cryptocurrency buy I think they're just worried about their citizens using it for money laundry or being victims or involved in Cryptocurrency scams it's not as if they're not aware of it's potential moreover one of the biggest exchange is owned by a Chinese so it means thst most of their Citizens are very knowledgeable about it and can't wait to jump into the market when their government finally bounce back into it. China as one of the biggest economy in the middle could be one of the driving force for Bitcoin getting above the 100k mark sooner and if they get into Cryptocurrency before the 1st quarter of next year then the possibility of that happening faster could be very imminent.

The Chinese government is concerned about crypto, perhaps they think crypto can be misused by its citizens, for example money laundering and illegal activities. but we see that many Chinese citizens have become crypto investors, so actually the citizens already understand about crypto, only the government doesn't allow it.

I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.

[densus88]

I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.

Yes, what I read seems to be the largest crypto community in China even though the government has banned it. I think the Chinese government should have good policies for its citizens so that crypto can develop there. I also read other news that many Chinese citizens also mine crypto

[MrSpasybo]

They been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.

Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.

China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.

China has made significant strides in blockchain technology, but unfortunately, this has not been accompanied by the development of the crypto market in this country. We are forced to wait longer and may have to accept a cycle without the participation of Chinese investors.

[rizqillah]

They been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.

Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.

China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.

China has made significant strides in blockchain technology, but unfortunately, this has not been accompanied by the development of the crypto market in this country. We are forced to wait longer and may have to accept a cycle without the participation of Chinese investors.

The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250K

[pieppiep]

I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.

Yes, The Chinese authorities have prohibited their citizens from using cryptocurrencies to trade and mining; however, there is a robust and expanding crypto community in China. This indicates that Asian, particularly the Chinese are interested in the blockchain technology and digital assets. To bypass the law, some market players have gone underground or moved their operations to other jurisdictions where the cryptos are legal.

The business of crypto mining and in particular the mining of bitcoins was also very active in China before the authorities’ clamp down. Still, there are some reports that can state that also now some Chinese citizens continue mining underground, or through global networks. In case Chinese government one day decided to easing up its strict measures or implement more friendly policies to blockchain industry, then this will create vast opportunities for blockchain technology in China as it has already revealed unbounded prospects and market size in Chinese territory.
Yes, what I read seems to be the largest crypto community in China even though the government has banned it. I think the Chinese government should have good policies for its citizens so that crypto can develop there. I also read other news that many Chinese citizens also mine crypto

[luckyledger]

They been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.

Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.

China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.

China has made significant strides in blockchain technology, but unfortunately, this has not been accompanied by the development of the crypto market in this country. We are forced to wait longer and may have to accept a cycle without the participation of Chinese investors.

The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250K

China just wants to regulate everything related to government affairs. It's not good or bad, it's just the way it is.
And if they are going into crypto, they would go in with their own crypto yuan of sorts. CDBC seems like a way for China and many others

[MrSpasybo]

The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250K

All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.

China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.

[doc]

All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.

China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.

China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.

[MRY]

All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.

China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.

China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.

As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.

[doc]

All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.

China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.

China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.

As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.

I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.

[UNIVERSE]

China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.

What regulation do you refer to? If it is related to crypto, China government still forbids crypto for any purposes. They assume crypto may bring bad impact on the stability of finance in China. There are also many other reasons that they may not tell to the public. However, I think this is not a permanent regulation, the government is still possible to change the regulation in the future. We have a rumor that China government may consider to allow crypto again. But there is still no further information about this until now, just wait for the official announcement from them.

[pieppiep]

All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.

China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.

China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.

As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.

I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.

Do you know overall supply of bitcoin?
It is can be unwise to be overly optimistic about this scenario. China has been cracking down on Bitcoin and other cryptocurrencies not just due to their unlawful use but also for totally controlling the domestic financial sector and promoting their e-CNY. According to the author, if China decides to take bitcoin as legal currency in their country, that can result in large to devastating effect to China’s economy.

[enoch_from_off]

Do you know overall supply of bitcoin?
It is can be unwise to be overly optimistic about this scenario. China has been cracking down on Bitcoin and other cryptocurrencies not just due to their unlawful use but also for totally controlling the domestic financial sector and promoting their e-CNY. According to the author, if China decides to take bitcoin as legal currency in their country, that can result in large to devastating effect to China’s economy.

China wants everything regulated, thus, it's highly unlikely that they would go with BTC, they would rather bloat their own currencies which they can regulate and play with them all they want, in my opinion.

[Rami]

You make some great points! If China does decide to embrace crypto, it could definitely lead to a significant influx of capital and a strong bull run. The way they've approached regulation and testing in places like Hong Kong suggests they might be looking for a balanced way to integrate crypto into their economy. If that happens, it could be a game changer for the market. Here’s hoping for a bright future ahead!