Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?
I think it is not, Chinese is a great investor of cryptocurrency though those Chinese have no control to their government, they are just citizens that need to follow the rules of the country.
Bitcoin have got so much attention from the people all over the world and now the government and banks are having their way to stop the commotion before they get too late of having their taxes cut to 50%. but they don't need to do this but to regulate taxes . just for me.