just a simple question?

[sabihanazir]

Why is china so influential with bitcoin prices?

China is the most populous country. There people know value of bitcoin and there communication system very well. Many people use bitcoin . so bitcoin price is very high.

[leavefifa]

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.

[yourmomy]

Everything is simple. Firstly, the Chinese economy is one of the most rapidly developing economies in the world. And much depends on the position of China on the world stage. Secondly, the largest percentage of miners is the same in China. It is also a key factor.

[Kaykay]

China is a odd country no twitter no facebook no btc

Well analysis make it seem that China is weaning its economy off cryptocurrencies. But appearances are not always as they seem. China still exerts a significant influence on cryptocurrency prices.