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Why would the Chinese government manipulate the Bitcoin price?
They have better things to do than getting into something with a market cap of just 4.6 billion.
Why would the Chinese government manipulate the Bitcoin price?
They have better things to do than getting into something with a market cap of just 4.6 billion.
... But the truth is, if they gave a green light to cryptos and created friendly regulations, the market cap could easily increase ten-fold.
Yes that's a good side, but a bad side is if they can manipulation the market, more ppl will receive the impact.
Even though China is the place where almost all the computer components are made, some of these components will bypass their security to the Chinese people. This means that sooner or later the Chinese people will rule, because they can use bitcoins to pay for guns.
This is bad.