The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?
China has dominance in the movement of the market, they have also shown great projects and applications of the technology. While they are also the one creating more regulations on the usage of cryptocurrencies, they are also slowly adopting it. Right now I look at it positively, they are guiding the technology to the right path, there are many abuse in the usage of cryptocurrencies that results to many people losing money, creating a bad image for crypto. They are regulating ICOs because of scammers while improving the technology. Chinese companies has the capacity to become a leader in this domain.