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.
We all know that China is a big player in the cryptocurrency community but depending on them is a big no to me. Though it has an impact on the price due to the banning of Bitcoin in that country it does not mean that without them the price will totally fall because Bitcoin is not only for one country but for all. Majority of countries in Asia is using Bitcoin and accepting it as new payment system or even an investment. I don't think one or even five countries banning Bitcoin can make the price crash into like zero because like for example there are 100 countries using Bitcoin 95 of it are legally accepting Bitcoin and only 5 are not. Therefore their actions of banning Bitcoin does an advantage to us or it will lead to success for investors and enthusiasts because of buying on price dips.