Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.
But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
Not at all, no one country no matter how strong and powerful has the capacity to stop or even make a last effect on bitcoin, blockchain companies now have become pretty large and have a lot of funds, most of these companies operate through tax Havens where big countries cannot impose their laws, talking about retail consumer they anyway Don't impact bitcoin price a lot, infact a lot of people in China use VPNs to operate bitcoin and Cryptocurrencies, this means that Bitcoin and cryptos today are impossible to stop because big smart money has already moved into cryptos.