Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban? So since this was as a result of crypto seized by the Chinese Government from "the PlusToken Ponzi scheme crackdown" then I wouldn't really say it belongs to the Chinese Government as if they Invested in Bitcoin and became the second-largest Hodlers of Bitcoin even though it is in their possession. I think we do understand why this is the case since the Government has made its position known about Bitcoin and Cryptocurrencies in general and we see the effect that NEWS constantly cause on the market. I do however believe that all this crackdown on crypto by the Chinese government will eventually come to an end and there will be no more thing to say about crypto anymore in the near future.