My question here is, is it that the Chinese government has the power to shake the market just with a mare statement
All developed country governments always have certain strengths in several fields including the economy and investment so that this can happen if the Chinese government wants to do it with sincere intentions.
And is it that people don't have faith in crypto knowing that the Chinese government don't have the power to do so?
I think everyone's trust in cryptocurrency lies not in the Chinese government, but lies in itself when it really understands the market and the conditions of the crypto space completely.
I do not agree with this opinion. indeed, back to each individual. but what if the global market is not attractive to crypto because there is a market game by the Chinese state for example. is there still a lot of interest in cryptocurrencies?