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.
Despite being a powerful country I think it is their great lose on banning Bitcoin or any other cryptocurrency. I mean they're even entitled as great investors since Chinese people are known for their attitude of being business minded. Banning this great opportunity will significantly cause them a fortune (sarcastically). Although losing a country can disrupt the value of Bitcoin as it was mentioned but lets not panic about it since eventually we can recover those as cryptocurrencies will reshape the economy of this world.
Their just showing off, they just want attention, that they want to prove to other countries that they wouldn't need this kind of innovation because they can be a great country without it.