China is going to rule crypto!

[benres]

China is the biggest economy right now in the whole world and indeed cryptocurrency is the best option to hedge some part of their economy if the bigger slice will be owned by China then this is a good thing that the biggest economy right now does know something that the other big world economy wants nothing regarding bitcoin and cryptocurrency.

[samuraijin]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

Certainly it will increase while their number of shares increases, every year, while the biggest mining bitcoin is in China, we can see some videos about the biggest mining in China and they are almost competing to build more to grow their mining, so it's impossible if they not pro about bitcoin, they even support the development of bitcoin to date.

[Denies]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

I'm not sure about the articles or news that you share
and if that's true, maybe growth will really be seen starting today. but there is no other news that strengthens the article.

[xuan87]

I doubt about it, China is famous of the strict regulations and like to control everything, and there are several times China try to ban crypto, I think we are going to hear China banning crypto again, China is not suitable for crypto power, the regulations are too strict

[susuberuang]

It seems that China has been using and supporting the use of cryptocurrency for a very long time. It's just that the development of cryptocurrency has only been used by a number of companies and now more and more people are starting to use cryptocurrency.

[Gabteb]

If it would happen then they ust remove ban which means we can see long bull run but afther all China gov. has done i really dont belive them if India and China start to regulate btc then we can say BTC adoptation really started and it can be world currency like USD and other an even somthing like gold i belive.

[Blocktopian88]

Wow, I just can't believe it at first, because China had ICOs. But think it carefully, there are a number of investors paying close attention to crypto space. With provision for China's attitude and condition, I will wait for some time to make sure this.

[hulla]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

Firstly, I really dont believe any move which was said to be made by the Chinese government because they seems not to be open mind and they always after self satisfaction. Besides, the Chinese government dont have the requirement to rule crypto currency because crypto actually give every individuals right and freedom while the Chinese government like to be in control of something which is why they wanted to maintain control over blockchain as you said.
Mind you blockchain is too broad for a country to control.

[eann014]

I'm not updated anymore on what's the movement of crypto's on China after the ban they made for ICOs and trading but what I know was there's still a good number of crypto people out there, including investors and businesses.

They did even ruled and control the market before and right now, looks like they are pushing for more adoption to blockchain and crypto's.

I am also not updated on China's how they accept crypto to their country, the last time I heard is that they banned ICO's and trading that is why bitcoin value drops as the news I heard last year if I am not mistaken. This is also one of the reasons why bitcoin value drops but I guess there is also some other reason why bitcoin value drops so hard. If China is going to use crypto then that is good, there are many of us and in China still believes in the potential of bitcoin.

[Snyderfx2]

China will definitely rule crypto because when comparing Chinese government rules regarding economy with other countries they always keep an open economy which includes foreign investments and also today cryptocurrency involvements so with that there economy is rising in a higher rate than any other country and that is why the chance is higher for china to rule the crypto world in the future surpassing any other country

[lovesybitz]

I disagree with you. China is all about control and Bitcoin does not give them control over many aspects of their citizens. They want to control capital flowing in and out of China and Bitcoin is borderless. They want to know what their citizens are spending their money on and Bitcoin is pseudo anonymous.

Japan will soon rule the Crypto currency scene, because they have none of these restrictions and their government is embracing the technology.  

I agreed on your answered, I am definitely believed that Japan is much more good compare into adoption of crytpo currency about in China.
All I can see only for China they just want to get the biggest average of controlling Bitcoin or crypto all over the world, base on in my assessment only.

[izanagi narukami]

China has the power to control something include cryptocurrency because they are commit to "stubborn" on every commodity.
I wish this become reality because when they control crypto, everything will start green.

That's what investor waiting for !

[playboy654]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

I am hearing about China using the cryptocurrency more about they are country currency because we all know the cryptocurrency will be the next generation to develop any economy to the great level that's why they are using this and choosing this for their future generation.

[valentin68]

This is very good. 10 years ago (2008) bitcoin was a child, today bitcoin is a teenager (2019). In 10 years from now (2029), bitcoin will be a 20 years old youngster, In 20 years from now bitcoin will be an young adult.
 China is going to rule bitcoin and it is very good. Bitcoin is the money that everyone in this world is waiting for. A good market needs to be regulated to protect the consumers.
bitcoin technology is new and it has many un-explored applications into techology. Example is the AI, that is changing the world economy.
In 2008 no one was knowing about bitcoin, in 2019 bitcoin is changing the world economy, what will happen in 10 years from now?

 You can buy bitcoin from many supermarkets today, 10 years ago the price of 1 bitcoin was 1 cents/1 bitcoin, today the price is approx 4000 dollars/1 bitcoin. If the price of bitcoin continues to grow like this its price will be 1 600 000 000/ 1 bitcoin (1600 million dollars / 1 bitcoin) in 10 years from now!

    
  

[qiwoman2]

China, when it likes something, likes to go in Big, but what they are best at, the Chinese is doing things stealthily to gain the upper hand. They did the CHINESE FUD OVERLOAD, we don't like Bitcoin gig to take away the power from Western Hands and they are really into Blockchain, invested very heavily into creating new blockchain tech and want to stay ahead. While the U.S is messing around with regulatory frameworks, China is stealthily growing its arsenal of blockchain projects and accumulating all the wealth in Crypto, as it has done with the Mining. You know that one day they will be the no 1 in everything related to the blockchain. Their biggest asset is sheer numbers and quantity, volume and money they have to throw at this.

[YuKiang]

I am not sure about China ruling cryptocurrencies with all the bans they have there plus they already have their own platforms running digital payments. Maybe they can become number one adopters of blockchain technology.

The Chinese economy is developing very fast and I think this is also helped by investments in blockchain technology, although China has banned ICO. But he is unlikely to be a leader in cryptocurrency in the near future.

[Gary Levanevskii]

I think this is very good news. If China removes the bans on cryptocurrencies, this will serve as an impetus for a new wave of cryptocurrency growth.

[creeps]

I disagree with you. China is all about control and Bitcoin does not give them control over many aspects of their citizens. They want to control capital flowing in and out of China and Bitcoin is borderless. They want to know what their citizens are spending their money on and Bitcoin is pseudo anonymous.

Japan will soon rule the Crypto currency scene, because they have none of these restrictions and their government is embracing the technology.  

Agreed Japan already does in some respects - legislation + guidance already in place

Japan is one of the great place to use cryptocurrency but since China is big enough to rule the market, there’s a possibilities for this to happen. If China continue to be more cryptofriendly we will see a green market again. Don’t be scared on China, just do what is right and you will also benefit from this trend.

[Kiir]

Nothing new?

https://www.buybitcoinworldwide.com/mining/pools/

[gabbie2010]

The advantage of China is definitely the price of electricity, which attracts investors from around the world to build a cryptocurrency mine there. The Chinese government has long been interested in cryptocurrencies, but it seems to me that it is still afraid of decentralization and lack of control over the market. I think that the still valid communist system will be a big problem for cryptocurrencies and China will not be able to become a leader. I think the game will take place in the European Union. Take look on Switzerland or Malta.

China is also competing for world power thus putting  in every possible means of attracting investment in cryptocurrencies by providing enabling and accessible, affordable electricity supply for cryptos businesses to thrive of course US are always in forefront in every new innovations in no distant time China will catch with them in term of Cryptos adoption and usage after attracting billions of dollar investment.