If China soon welcomes crypto: strong bullrun?

[milewilda]

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.

We do know that China is a superpower not only into that aspect but also when it comes on being big or first tier country then we can really say that it could be able to boom up Bitcoins price or crypto market as a whole. So it will really be just that depending on them but lets not hope for something like this on which we've seen already that they had ban and unbanned Bitcoin
and thats why its not really ideal that we would really be making ourselves that too optimistic into something which cant happen. If they do make out some decision about such adoption then its good but if not then its still good. Crypto market could progress without them.

[target]

^ What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.

If they can mine BTC with the low energy cost they havey why should they buy to pump?
I'm sure they are still skeptical who created BTC and who has more BTC today that could dump on to 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.

We do know that China is a superpower not only into that aspect but also when it comes on being big or first tier country then we can really say that it could be able to boom up Bitcoins price or crypto market as a whole. So it will really be just that depending on them but lets not hope for something like this on which we've seen already that they had ban and unbanned Bitcoin
and thats why its not really ideal that we would really be making ourselves that too optimistic into something which cant happen. If they do make out some decision about such adoption then its good but if not then its still good. Crypto market could progress without them.

Sometimes, It is possible not to rely on China’s decisions in the BTC or other cryptocurrencies because its regulatory actions are often in suspense. Concentration should be on prospects in the worldwide crypto space that have been evidenced to be capable of operation without the direct intervention of China. The first workaround is to search for countries and regions friendly to cryptocurrency and blockchain technology, for instance, El Salvador or the European Union that act as leaders that still advocate for mass adoption of cryptocurrencies. Another great way to diversify your portfolio with concentrated high-quality coins can also be a smart move in order not to rely so highly on the decisions which a particular country makes.

[luckyledger]

^ What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.

If they can mine BTC with the low energy cost they havey why should they buy to pump?
I'm sure they are still skeptical who created BTC and who has more BTC today that could dump on to them.

They may do it, but they won't tell about it, + their skepticism and the real thoughts about it tell it all away.
I think they will go with their own CDBC first and foremost. And work on it going forward.

[MrSpasybo]

What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.

If they can mine BTC with the low energy cost they havey why should they buy to pump?
I'm sure they are still skeptical who created BTC and who has more BTC today that could dump on to them.

This could very well be what the Chinese government is thinking, so they don't seem to be in a rush to join the global BTC and crypto wave. We also don't know exactly how much BTC they hold; I wouldn't be surprised if a large portion of BTC mining power in China is in the government's hands.

China will remain an unknown factor for the future of the crypto market, although for now we can temporarily rest assured that they cannot continue to suppress the domestic crypto market and negatively impact the global crypto market. Personally, I still expect them to change their policy after we have the US presidential election results.

[Sim_card]

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.

We do know that China is a superpower not only into that aspect but also when it comes on being big or first tier country then we can really say that it could be able to boom up Bitcoins price or crypto market as a whole. So it will really be just that depending on them but lets not hope for something like this on which we've seen already that they had ban and unbanned Bitcoin
and thats why its not really ideal that we would really be making ourselves that too optimistic into something which cant happen. If they do make out some decision about such adoption then its good but if not then its still good. Crypto market could progress without them.

The crypto market has already progressed without China because China is not the only big and strong country. Crypto adoption increase overtime due to steady adoption and no one can stop bitcoin from growing. China thought that they could in the past, but they were disappointed that bitcoin is growing stronger every day. China impact on the market will only be temporary because China already has citizens who are into crypto

[Aanuoluwatofunmi]

We should stop giving ourself the false hope in guise that China may one day accept for the crypto adoption in their country, because they know the both strong and weakness of the economy in which they are running and wouldn't permit for any other thing to have more power over them at the cause of allowing for an alternative, they may be inconsiderate but with their own reason on this.

[MrSpasybo]

We should stop giving ourself the false hope in guise that China may one day accept for the crypto adoption in their country, because they know the both strong and weakness of the economy in which they are running and wouldn't permit for any other thing to have more power over them at the cause of allowing for an alternative, they may be inconsiderate but with their own reason on this.

I also thought China would ban crypto permanently when they took such decisive actions in 2017 and 2021. But they have since made many unusual moves, like allowing Hongkong to experiment with crypto, recognizing BTC as a legal asset, and continuing to permit numerous mining farms to operate, accounting for 55% of the global Bitcoin mining hashrate.

I believe China will eventually accept BTC and crypto, though perhaps not in the short term but rather in the long term, maybe in the next cycle or the one after that, once they have established a suitable legal framework to regulate, tax, and benefit from this market.

[SmartGold01]

We should stop giving ourself the false hope in guise that China may one day accept for the crypto adoption in their country, because they know the both strong and weakness of the economy in which they are running and wouldn't permit for any other thing to have more power over them at the cause of allowing for an alternative, they may be inconsiderate but with their own reason on this.

I also thought China would ban crypto permanently when they took such decisive actions in 2017 and 2021. But they have since made many unusual moves, like allowing Hongkong to experiment with crypto, recognizing BTC as a legal asset, and continuing to permit numerous mining farms to operate, accounting for 55% of the global Bitcoin mining hashrate.

I believe China will eventually accept BTC and crypto, though perhaps not in the short term but rather in the long term, maybe in the next cycle or the one after that, once they have established a suitable legal framework to regulate, tax, and benefit from this market.

I have been trying to understand how China operates but recently i can say that they act like the US nation, and whatever that doesn't benefits them doesn't have right to operate smoothly, therefore China would definitely benefits from bitcoin both in cryptocurrency mining because those taxation are what would also attributes to their benefits as a nation just like the US.

[JISAN]

What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.

Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far.  Because if some day crypto suddenly disappears then no one can be blamed for it.  But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country.  This is why the government of a country is very afraid to legalize Bitcoin.  But people in more or less all countries are using Bitcoin at a massive rate with full responsibility

[bitcoin-shark]

I believe that lately the Chinese government is trying to put more and more restrictions on the use of cryptocurrencies but let's not forget that China is one of the largest miners so it will always have a great influence on the market trend

[nakmantu99]

What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.

Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far.  Because if some day crypto suddenly disappears then no one can be blamed for it.  But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country.  This is why the government of a country is very afraid to legalize Bitcoin.  But people in more or less all countries are using Bitcoin at a massive rate with full responsibility

Actually, the government does not need to legalize bitcoin as a transaction or payment method, but allows it for investment. Although many predict that bitcoin will be more popular and expensive in the future, the government also thinks about the bad side of the technology, because the government cannot control it. If there is misuse in the future, who is responsible, because bitcoin is semi-anonymous.

[Celph]

Man, if China were to welcome crypto, that would be HUGE! We're talking potential bull run of epic proportions!
Think about it, China's got a massive market and a ton of resources. If they were to give crypto the green light, it would be like opening the floodgates. More people would start investing, demand would skyrocket, and prices would go through the roof literally.
And it's not just about the short-term gains. China's involvement would bring some much-needed clarity to the regulatory landscape. Businesses would feel more comfortable getting into crypto, and innovation would go into overdrive.
We've seen it before, man. When China makes a move, the market listens. Remember when they banned ICOs? The market tanked. But if they were to reverse course and embrace crypto? Forget about it, it'd be a wild ride!
So yeah, if China welcomes crypto, buckle up! It's gonna be a crazy ride!

[pieppiep]

What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.

Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far.  Because if some day crypto suddenly disappears then no one can be blamed for it.  But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country.  This is why the government of a country is very afraid to legalize Bitcoin.  But people in more or less all countries are using Bitcoin at a massive rate with full responsibility

Actually, the government does not need to legalize bitcoin as a transaction or payment method, but allows it for investment. Although many predict that bitcoin will be more popular and expensive in the future, the government also thinks about the bad side of the technology, because the government cannot control it. If there is misuse in the future, who is responsible, because bitcoin is semi-anonymous.

So far as I have knowledge, the government regulating bitcoin only for the investment purpose and not allowing it for the use of transacting through it is a quite wise decision keeping in the view the pros and cons of this virtual currency. The government can deem it useful to advice the adoption of very high regulatory standards in bitcoin investment standards such as monitoring and reporting. This can help reduce the probability of wrong use, but it allows people to reap the favorable investment characteristics offered by bitcoins. In this manner, the government can regulate the financial sector against fluctuation and risks that aspiring to utilize bitcoin as a payment system are likely to expose state money.

[MrSpasybo]

I believe that lately the Chinese government is trying to put more and more restrictions on the use of cryptocurrencies but let's not forget that China is one of the largest miners so it will always have a great influence on the market trend

We haven't seen any updates on China's stance towards crypto, but we are witnessing Hongkong active embrace of crypto and related products. I can only speculate that the Chinese government is trying to delay the development of the domestic crypto market to study and enact crypto regulations.

China is quick to respond to global trends, such as electric vehicles and AI. There's no reason for them to lag behind in the crypto wave while actively adopting blockchain. China crypto plan remains a mystery, but I know it will be massive and have a significant impact on the global crypto market once it's released.