As what the title says, do we really need to depend on China on cryptocurrency? I say no imho.... Look at Facebook and Google. They are both banned in China, and yet they worth billions. I believe that the US alone could bring bitcoins up and hit $5k above.
Also, I agree with this:
https://cointelegraph.com/news/bitcoin-price-is-headed-to-25000-despite-recent-setbacks-researcher-on-cnbcI just think that this is a great time for us to buy more bitcoins and accumulate. I'm still long on Bitcoins.
What do you guys think ? Any opinions are appreciated.
Actually No! there's other big countries who adopted well the cryptocurrency and those country could boost up the price of cryptocoins out there. But we can't erase that China has big contribution on this since they are popular but believe me this issue will be silent if days will past and people will recover for China's panic later on these days.