If China soon welcomes crypto: strong bullrun?

[Axcel777]

China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.

I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.

All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.

We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.

[enwi]

China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.

I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.

All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.

We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.

Atleast finally we can see the great potential of bitcoin worldwide if the leading countries give real support. The United States has already sent positive signals which to an extent increases confidence in the crypto market and see reasons why bitcoin can appreciate in the future.

But if the Chinese authorities someday reverse policies and decide to open bitcoin for purchase again, then the rates could rise sharply. Backing from the highly engaged crypto community in China could be the real drive to the market and open additional opportunities in development of the sector.

[MRY]

China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.

I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.

All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.

We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.

Yes, The prediction of bitcoin adoption by such big countries as China does raise a lot of hope as to the future of global crypto. When world powers join the wagon, the effect of raising bitcoin’s value and creating more awareness to the general public will be felt more.

In case of removal of ban in China, the prospects for further large scale business expansion becomes visible. There is reasons to expect that this new support will not only help to strengthen the community in the cryptosphere but also expand possibilities for creating new projects and bring crypto closer to real-life application.

[dekafee79]

We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.

If the Chinese government is elegant Bitcoin, the possibility of Bitcoin prices will rise and Crypto's population will be even higher because of the chinan of one of the countries with the best economy. The US has received Bitcoin, we just have to wait for Chinan to legalize it?
We also hope that all major countries can accept Bitcoin, because this is a technology of the future.

[Paragon2]

One of the biggest reasons why China really mattered a lot in the cryptocurrency and mining industries is because we know that before the eventual ban in 2021 the crypto market in China is really huge, mostly due to the fact that it got billion of people in there and even if just 10% of them will be into crypto that is really an immense market to begin with and can probably be the biggest in the world. Then it was a sad day when the government decided to have nothing to do anymore with crypto and mining, sending the business to other countries and some players hiding their activities using stealth technologies in order not to be caught by the minions of Chinese government. I could not imagine how big is the crypto market if China decided to just regulate the whole thing and not pushed a ban blanket for the general population. With this scenario, what if China all of a sudden announce that it is opening the China market for crypto albeit in a very strict regulatory environment? Of course, there can be a bull run which we have never seen before, even much better than all of the ETFs and halving events combined. Of course, this is just prediction and no one needs to believe on me.

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

[pieppiep]

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

I think, The measures used by china in addressing the crypto market are very strategic. There are clear indications to the effect that while economic activities are officially barred, economic considerations remain paramount including the ability to discern a massive value proposition in Bitcoin.

If the decision on legalization of Bitcoin in China will be made in future the benefit in this case will be for the development of the Cryptocurrency market in the whole world. This step can expand the possibilities, increase the stability of Bitcoin’s positions, and make the world pay attention and it may bring unpredictable results at the moment.

[Bobcrypto]

In my personal opinion, from the very start, China doesn't hate Bitcoin or cryptocurrency; it's just their strategy to pretend they don't like them. Yes, they are banning, but do we know that if they can do that, there will be a downfall in the crypto market, and when that happens, they can secretly invest potential cryptos in the market and Bitcoin a huge amount in them?

Especially with the bull run approaching again, it is not surprising that they will suddenly be open to Bitcoin or cryptocurrency.
After this situation in the market, the value of Bitcoin is still low, which is still an opportunity for us to buy as if there is a discount on Bitcoin. Of course, if you know for sure that you will get money, then for sure you will welcome Bitcoin or crypto because you are sure and you see that there is a 100% good return on the capital that will be used here.

This could be called a government strategic speculations to enhance secret accumulation. Once a government continue to ban a particular Asset without sound reasons, there might a be hidden agenda, and that may involved a secret  transactions on the same assets.  We have heard too many bans by the Chinese government especially Bitcoin mining and trading but her citizens are still doing the same business.
I have concluded that Chinese several bans on Bitcoin transactions is just a gimmick to secretly buy for the long term. This just my opinion.

[Gurujebs]

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.

The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.

[Hisbullah]

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.

The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.

Big countries like China, Russia and the US must have considerations in the crypto world.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.

[pieppiep]

Big countries like China, Russia and the US must have considerations in the crypto world.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.

Of course, large countries like China, Russia, or the United States will surely be great actors in the global crypto space. Interestingly, much as China has prohibited the use of crypto, they will surely try to generate income from this industry, maybe even possess Bitcoin stock even if the legal use of crypto is prohibited. The modern center of crypto development is the United States, and if Donald Trump will return to power, he said that he would support the crypto sector and turn the USA into the crypto capital of the world. From our observations, it becomes clear that large countries in the crypto space will maintain intense competition, and this will significantly affect the global crypto landscape.

[dave_strider]

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.

The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.

Big countries like China, Russia and the US must have considerations in the crypto world.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.

China will try to go with CBDC.
The US may try and create BTC reserves.
What an interesting world we live in, truly.
Also, don't forget what Trump said: to make BTC US-made.. Though it may be only the rhetoric, of course.

[enoch_from_off]

Big countries like China, Russia and the US must have considerations in the crypto world.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.

Of course, large countries like China, Russia, or the United States will surely be great actors in the global crypto space. Interestingly, much as China has prohibited the use of crypto, they will surely try to generate income from this industry, maybe even possess Bitcoin stock even if the legal use of crypto is prohibited. The modern center of crypto development is the United States, and if Donald Trump will return to power, he said that he would support the crypto sector and turn the USA into the crypto capital of the world. From our observations, it becomes clear that large countries in the crypto space will maintain intense competition, and this will significantly affect the global crypto landscape.

He already - is - in power, however, he needs some time to spike and arrange things up. The question is whether he will deliver on his promises or not..

[luckyledger]

China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.

Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.

The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.

They (China and many others) do have potential, however, the regulations they would likely impose on crypto are quite huge.
Maybe, with time, things will change up, however, I do think that China at least will go with its own way - creating their own crypto wonders for their people, and they would be able to control these said "wonders" more too.

[Stompix]

Although China has banned crypto, they will not miss the opportunity to profit from crypto,

Everyone keeps saying this..
Why can't people give one single example on how a major country has benefited from crypto?
Let's not talk about Salvador cause if a Salvadorian would have won the powerball it would have made them more in taxes than all their current bitcoin holdings, a major country that has benefited and how much from crypto!

How would China benefit from it, where is this money going to come from because it's pretty obvious it has to come from the other countries that buy the crypto from them to make a profit, don't you see something a country won't do in this case?

[rizqillah]

Although China has banned crypto, they will not miss the opportunity to profit from crypto,

Everyone keeps saying this..
Why can't people give one single example on how a major country has benefited from crypto?
Let's not talk about Salvador cause if a Salvadorian would have won the powerball it would have made them more in taxes than all their current bitcoin holdings, a major country that has benefited and how much from crypto!

How would China benefit from it, where is this money going to come from because it's pretty obvious it has to come from the other countries that buy the crypto from them to make a profit, don't you see something a country won't do in this case?

We should not care about what the Chinese government is doing because there are still many bear countries that have allowed bitcoin to exist in their countries and be used as an investment tool by their citizens. El Salvador is an example of a country that has accepted bitcoin as a payment method, so far it has been fine, Honestly I don't know how much tax is imposed there. but I appreciate El Salvador as a pioneer in accepting bitcoin as a payment method in their country.