The “China Ban” Is Good For Bitcoin

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Today, information surfaced that China had issued a final and complete ban on Bitcoin. Harsh, it appears, proper? Headlines of the likes of “China declares cryptocurrency transactions illegal; Bitcoin price falls” invoke a way that not solely that is massive information but additionally that Bitcoin suffers from it. Well, regardless of a few each day purple candles, each are improper.

China has been attempting to ban Bitcoin for years. The first time the Chinese authorities sought to ban the utilization of bitcoin within the nation occurred in 2013, just a few years after Bitcoin was born. Since then, the BTC value in U.S. {dollars} has catapulted.



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