How will the ban of all ICO in China affect the market of cryptocurrency?
In the long-term or near-term?
Long term.
This ban hurt crypto more than many people expected but i'm positive it will turn back to normal in long term. I don't see any permenant damage yet. Crypto market today is still like a baby that will continue to grow day by day
"A couple of weeks ago it was revealed that a partnership between The Knox Group, BitPay and a British baroness will offer up luxury Dubai apartments in exchange for Bitcoins in a deal worth $330 mln.
Small-scale Bitcoin-for-property transactions have been done before. A London property company is offering to accept down payments in Bitcoin, and a Miami based investor has been looking to sell his $6.5 mln mansion for Bitcoin, but not of this magnitude.
And just yesterday the first house purchase in Bitcoin was reported in Texas."