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Author Topic: Do you think capital controls in China will impact bitcoin price?  (Read 508 times)
jeronimosuykens
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August 12, 2018, 07:16:51 PM
 #61

Influence will be certain, but it is unlikely that this will be directly visible at the cost of bitcoin. Control of capital, the Chinese government introduces not one-time, but gradually, this is a series of measures and a long process. Therefore, it must pass unnoticed for the bitcoin price. In addition, we are not sure how effective the measures will be. Until now, no one has managed to curb the crypto-currency of a certain territory.
Of course it will happen because China is an extremely developed nation. It has a great influence on the financial market. But the country does not use much electronic money in its life. And the impact on bitcoin prices is only a small part of the market. It is really affected by the whole global market, when it impacts on bitcoin.

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