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April 18, 2018, 12:58:57 PM |
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Bitcoin is more popular and widely recognized, Bitcoin will be more valuable. China has a big influence on Bitcoin prices because Chinese use Bitcoin as much. The Chinese government tends to strictly control everything in this country, including personal property of the Chinese people, for tax purposes. The Chinese government is worried about corruption, money laundering by officials. Thus, many Chinese transfer money to Bitcoin to easily manage their personal assets secretly. Chinese people have made Bitcoin more popular. So, China has a great influence on Bitcoin.
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