I am bullish on the future of Bitcoin as a technology.
We all know that China has a total ban on cryptocurrencies, including but not limited to no mining, no circulation, no trading, no banking services, no listing on exchanges.
What do you think countries have to lose by making this choice?
I think there is nothing to lose on China in banning bitcoin on their country, the thing is bitcoin is a threat to government of China. China wants to control, bitcoin is uncontrollable. The ban on cryptocurrencies is to curtail financial crime and prevent economic instability argues by the People's Bank of China and cryptocurrencies were facilitating capital flight from its markets, bypassing conventional restrictions.