Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Can China takeover Bitcoin network?
by
YOSHIE
on 14/02/2021, 05:21:04 UTC
⭐ Merited by Swordsoffreedom (1)
Has the chinese government or chinese central bank added bitcoins to their treasury reserves apart from the tons of gold they have been buying recently?
The story is different from Bitcoin and Gold.
Gold does not have an internet network, it can be found in the real market.
Bitcoin can only be obtained on crypto exchanges and the like.

Although the Chinese have expertise in the world of the internet, can create artificial suns etc, of course they cannot take over the Bitcoin network, Bitcoin is not only traded in China, all countries use Bitcoin.

If they buy Bitcoin in large quantities maybe it can, but they don't do it, bitcoin price is difficult to predict, their miscalculations can lose big, different from gold in the amount, price, and supply does not stop every day, in and out, new and old.

Bitcoin is not like that, the Bitcoin network cannot be controlled by China and any country, even though they are quite super in technology, Bitcoin is like a ghost, it can be seen and cannot be touched, if you can control a ghost you can control Bitcoin, that's for example.