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?
I do not think China would even want to claim that, because of their reservations on block chain and cryptocurrency most especially.
Yes, China has been an earlier contributor to cryptocurrency on a positive note, but there have been so many other countries that have also contributed immensely to foster success of crypto.