As everyone knows, the Chinese government has banned cryptocurrency exchanges, and now it has banned mining. The entire market has undergone many changes due to policy reasons.In fact, you should not pay too much attention to the policies of the Chinese government, because since the cryptocurrency exchanges moved out of China, the influence of the Chinese government on cryptocurrencies has become very limited.
There is nothing that China could do that could change the market valuation and i was thinking like that when they banned cryptocurrency exchanges a few years back and when they started banning Bitcoin mining the rest of the narrative for the correction was that it is because of China and people are giving too much importance to certain events if there is a market correction.
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
Thanks for the insights, so is the coins sold in China at a cheaper price than the general market ?