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.
No. We don't NEED to depend on China but it just happen that China is the biggest investor of cyrptocurrency including Bitcoin so obviously losing it will be a big loss for cryptocurrency. But still, especially in Bitcoin, a large community will give a high market demand which will also prevent the value of Bitcoin to fall really hard.