$BNB Yesterday's relevant news was likely seen by everyone, and many friends asked me: "Our country is cracking down on Bitcoin, will BTC crash and become worth less and less?"
”$BTC
In retrospect, the answers to the three key regulatory policies in the country have long been hidden within them.
The first time was in December 2013, when it was made clear that Bitcoin is not a legal currency. Once the news broke, BTC fell sharply, and it did not return to its previous high for a full three years. This directly cut off its potential circulation in real scenarios in the country, which indeed had a significant impact.
The second time was in September 2017, when financial institutions were strictly prohibited from providing settlement services for Bitcoin transactions, and the legitimate trading platforms in the country were subsequently shut down.
Although BTC dropped in the short term, it quickly rebounded after just a few months and even broke through the previous high. This step only limited the direct exchange between RMB and BTC but did not stop its circulation in the global market.
The third time was the mining ban in July 2021. Many people panicked at that time, but mining is just one way to maintain the security of the blockchain network. This policy, although it affected market confidence in the short term, was far less critical than the first two. Later, data showed that Bitcoin's overall computing power has already reached a new high and has not been affected in the long term.
From these three policy changes, it is not difficult to see that domestic Bitcoin trading volume has indeed decreased significantly, but China's influence on the global price of BTC is actually becoming weaker.
After all, Bitcoin is inherently transnational, and the policies of a single country are unlikely to sway its global overall trend.
Different countries have different national conditions, and it is normal to implement regulatory policies that fit. Wherever we are, we should follow local laws; there is no need to worry excessively that a single country's policy will make it 'less and less valuable.'
Finally, I suggest everyone pay attention to transparent contracts.#LUCIC This is the last opportunity in the circle; those who understand know it, and it's the right time to buy at the bottom.
