Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States?
I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.
At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.
Banning crypto is no more effective on crypto itself, it's now more like a pure joke, I would still like to see the U.S embrace crypto more than China, just my own answer to my question, what about you?
I am actually more leaned on China embracing Bitcoin rather than the US. This is because in the past a lot of Chinese really took crypto seriously and when bans happened some even migrated to other countries that were more tolerant towards crypto currencies. And besides, population of China is no joke either, if ever those people really get into crypto, I believe that there would be a huge movement in this industry with regards to volume. Not just on bitcoin but to all the other crypto currencies they get their sights on.
And about crypto banning, it really doesn't hold that much weight anymore compared to the past since it has been approved and lifted lots of times already. People also realised that regardless of the ban, most hodlers would never dump which is why despite bad news people tend to hold onto their bitcoins more nowadays.
China and Bitcoin? Folks, it's a game-changer, huge! China's population? Enormous! If they go crypto, transaction volume will go through the roof, believe me. And not just Bitcoin, all those other cryptos will soar too.
China has played nice with crypto before. When bans hit, some Chinese folks moved to crypto-friendly countries. But now? Crypto bans don't pack a punch like they used to. It's like a rollercoaster, up and down.
And let's not forget, hodlers don't just sell their cryptos because of bad news. They know bans don't change much, folks. Holding onto crypto? Could be a bigly win in the long run.
Bottom line, China and Bitcoin? It could shake up the crypto world.