As always, China finds another way to f*#k with Bitcoin and the market as a whole. With stunts like these, it'll only sever the stressed relationship China has with cryptocurrency further. It's a shame because China is a MASSIVE market and as we've seen, can prop up the Bitcoin price quite substantially.
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China might be a massive market, however I think the redistribution of power to other regions will likely help Bitcoin. I think more decentralization is a good thing.
yeah we need to reach more adoption all over the world ( specially africa since it's one of the only continents that would need crypto and embrace it with ease )