How BIG will the crypto market be if China legit cryptos?

[fiulpro]

I think it is already flourishing Even though it's not legal but if you think about it it could actually double in size right now and also there will be countries seeing this and then maybe doing what they are doing or maybe even thinking about it because to think that countries first ban cryptocurrencies then they life the ban it's like the need it now.
It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.

[1715659023]

1715659023

[1715659023]

1715659023

[Oceat]

I think it is already flourishing Even though it's not legal but if you think about it it could actually double in size right now and also there will be countries seeing this and then maybe doing what they are doing or maybe even thinking about it because to think that countries first ban cryptocurrencies then they life the ban it's like the need it now.
It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.

Well, when the time on 2017, China starts banning cryptocurrency and you would notice that the market just dropped tremendously. That creates a large FUD and the market drop like it's the end but luckily the support level on that time is quite strong. Despite of China banning crypto the whole cryptocurrency are not circulating entirely on China alone. There are bigger countries that holds more crypto too that's why the support level is quite strong.

[Blackdeath]

I think even China legalizes bitcoin and cryptocurrencies, it doesn't mean everybody in China would buy or invest their money in crypto because not everybody has a knowledge about crypto. But i think if cryptocurrency is legal in China, i think the market will definitely increased more than in the year of 2017.

[btc78]

Billion？ Trillion？Quadrillion？

there is no need to rush mate,if ever china make a legitimate statement about bringing crypto a legitimacy.

it wont take effect that soon but surely this will help boosting the market,we have already saw how many times that if China make a statement the market automatically move either to pump if positive issue and dump once negative.

this only mean one thing that the market shakes about China's stand on crypto,but basically in time after the adoption/embracing of china for crypto surely market will grow essentially and may go to the moon as other countries will do theirs as well.

[Eugenar]

You could already remove the billion, since the market cap of cryptocurrency as a whole already reached its billion when all the cryptos market cap has been summed. Though, if China adopts cryptocurrency it isn't necessarily means that the market cap will surely rise too high. One sure thing is what adoption can bring is competition and crypto development.