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.
I really like the statement about how bitcoin value fluctuates with blockchain technology too. A lot of people overlook this and it's probable (I haven't checked the numbers myself yet) that blockchain technology usage is what pushes the price of Bitcoin the most soon. As more companies adopt the tech, BTC will go up.
As for the problems with China, I think that the problem will soon be resolved and all functions of the Chinese users will be assumed by Japan. The main thing is that the cat should stabilize and we see the new maximum prices for Bitcoin.