Post
Topic
Board Economics
Re: What will be the effects of China's central bank declaring all crypto illegal?
by
Viscore
on 16/10/2021, 23:49:09 UTC
Bitcoin thrives from the very beginning with bad publicity.
Everyday you get FUD from somewhere, ever since 2009. And at every step BTC has overcame it and became stronger.

This is also what I noticed from bitcoin. It has always been the center of negative publicity, but it was never a huge problem as people still buy bitcoin anyway despite governments and other huge entities warning them not to go near the said cryptocurrency.

China has been taunting such bans for so long now that it no longer is a threat if they decide to ban bitcoin for real this time. The world has since moved on from news coming in from China, that whatever happens in that region no longer concerns what's happening in the bitcoin ecosystem.
The more bitcoin is banned, the higher it gets sympathy from its community. So the demand will never stop that makes bitcoin even reaching another heights despite of the Chinese Communist Party that never gets tired of banning bitcoin. Now that its permanent, i even think that bitcoin will be better without China's connection. And its a good thing that Russia is here that may even take place the position of China. At least, the President of China knows the value of bitcoin and its really an edge knowing that.