Post
Topic
Board Bitcoin Discussion
Re: Why is China so important for Bitcoin?
by
s1ng
on 21/06/2014, 02:53:20 UTC
The Chinese have their own online ecosystem that is mostly separate from the rest of the world. Google, Twitter, YouTube, and Facebook aren't very popular in China and the Chinese people seem to prefer their own homegrown alternatives like Baidu instead of Google or Weibo instead of Twitter, etc. So how did Bitcoin buck this trend to become popular in China? I'm guessing it must be very popular there because China seems to be very important for Bitcoin. After all, why else would prices drop whenever news come out about their government regulating Bitcoin?
Chinese is the most populated in the world.
With that advantage, it will become a great market for Bitcoin and chinese to increase revenue both of them.
The capability to buy something such like smartphone, etc is extremely high. Imagine if They use Bitcoin for purchase those things,
Bitcoin value will increase significantly
. CMIIW