Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Which other presidents could make Bitcoin bullish?
by
Luzin
on 25/01/2025, 01:13:39 UTC
⭐ Merited by MAAManda (1)
The one people least expected
The President of China Xi Jinping


Look at history, they are countries that are open to crypto. A few years ago China became a very influential country in crypto, but that's not for now. President Xin Jinping's policy made China ban Bitcoin from developing. In November 2021 they officially banned Crypto in their country. They focus on CBDCs and possible futures I don't know.

But with the conditions predicting the future if China reopens the ban, I think it is fundamental good for the development of crypto. Although I have heard of some large mining investors choosing to move countries to continue their activities, they do not appear to be a stronger state policy and have no influence. Maybe if they change presidents, I think crypto could be a campaign tool like Trump.

Source: https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/#:~:text=China%20does%20not%20allow%20cryptocurrency,from%20mainland%20Chinese%20financial%20regulations.