Bitcoin Value Surpasses US$2,500 Again as Chinese Exchanges
Last week has been filled with some positive news for Bitcoin. All major Chinese exchanges have resumed cryptononeda retreats. That is considered to be a good thing, no one likes to see their funds get stuck in a change purse. Keeping money, especially when it comes to criptomoneda, in a change purse is looking for trouble. Users are not in total control of their money when they store funds in a bag.
What is quite peculiar about this "freeze withdrawal bitcoin" is how the decision was not forced on the exchanges by the People's Bank of China. Accordingly, the People's Bank of China held several meetings with the exchange operators to discuss new AML guidelines. Almost every exchange had to introduce some changes, a process that took several months to complete. However, none of the exchanges was officially ordered to suspend Bitcoin and the criptomoneda retreats. That makes the initial decision a little strange, though it did not cause any lasting damage in the end.
Regardless of the reasoning behind it, the resumption of withdrawals was not a decision of the People's Bank of China either. All major exchanges decided to resume services around the same date, which infuses more trust in bitcoin among Chinese investors. Many people see Bitcoin and other cryptocurrencies as a way to supplement their existing savings or pensions. In these days or financial turmoil, having a "contingency plan" is always a good idea. Bitcoin has the best opportunity to maintain its value, or even appreciate the passage of time.
Since the resumption of the Chinese stock exchanges these services, which have generated a good amount of trading volume once again. OKCoin.cn, BTCC, and Huobi are in the top 10. In fact, CNY exchanges are the main bags-Fiat-bitcoin from now on, although Bithumb is not too far. China has lost much of its state since these withdrawals were suspended. Korea has shown great appreciation of Bitcoin and Cryptomoneda ever since.
After all, it is only normal to see the Bitcoin price go beyond $ 2, 500 once again. Nothing is holding back Bitcoin at this time, other than persistent scaling debate. However, that has been a problematic part for some time and does not seem to affect the price of Bitcoin in a negative way. It will be interesting to see if this momentum can be maintained during the next weeks and months, although
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thnks
BTC going to 3k for sure.
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