How will the 19th Congress of the Chinese Communist Party affect the Bitcoin ?

[alexv10av]

What do you think, how will the 19th Congress of the Chinese Communist Party affect the Bitcoin course ?

bitcoin can drop below $ 5000?

[joebrook]

What do you think, how will the 19th Congress of the Chinese Communist Party affect the Bitcoin course ?

bitcoin can drop below $ 5000?

The Chinese have already made it clear that they are not going to ban bitcoins but rather they are going to license the exchanges so that they can prevent money laundering and the funding of terrorism.

[Nalbo]

What do you think, how will the 19th Congress of the Chinese Communist Party affect the Bitcoin course ?

bitcoin can drop below $ 5000?

The Chinese have already made it clear that they are not going to ban bitcoins but rather they are going to license the exchanges so that they can prevent money laundering and the funding of terrorism.

I don't think bitcoin will get addressed in the Congress, so it will not have any effect on the price of bitcoin. China is in the process to regulate bitcoins.

[Mometaskers]

Did they even mentioned it? So far I haven't heard anything in the news. Looks like, for now, the Chinese government is content with regulating exchanges to "prevent capital flight" though I suppose it's also a way to check how much their citizens are saving. Would be interesting how things would work out once they finally get their digital fiat of the ground.

I might sound pessimistic but I think they'll shoot bitcoin and get their citizens to exchange it for their by then already digital fiat.