I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
The cryptocurrencies market in China is currently the largest. The amount of bitcoin, as well as the altcoins, are concentrated in the country so you can see that the Chinese New Year is strongly influencing the Bitcoin rate, the market is always dumping because so many cryptos sellers to buy cash.