People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Long long ago,when china had huge mining farms and people didnt know much about bitcoin, chinese were easily able to manipulate bitcoin market by dumping their bitcoins.But not now as more people all over the world have realized bitcoin's true potential and due to PBOC regulations,the chinese were now unable to create fake buy and sell orders and they even could not withdraw their bitcoins from exchanges.Dragon era is not alive now.
to me i think still china has the huge mining forms and more investors than any other country but still i will like to say that they are not controlling bitcoin. as bitcoin is present in all over the world and the users of bitcoin are increasing from time to time therefore it is now becoming more difficult to manipulate the price of bitcoin or to control bitcoin at all.