Cryptocurrency Crash: America-China Trade War?
I AM NOT A PROFESSIONAL
I JUST EXPRESSING MY OPINIONS
In early, China banned all cryptocurrency exchange activities. Now, they begin to develop their own digital currency, attempting to digitize Remimbi.
In early, America didn't take any heavy regulations against cryptocurrency. Now, they begin to take heavy regulations, especially ICO. Facebook, Google and Twitter banned all the advertisements about cryptocurrency and ICO. It is one of the reasons for the big drop in crypto price. The most serious consequence is leading the crypto market into the bear market, or even nothing.
It is obvious in the observe of attitude change towards the crypto issue of these two countries. Once China succeeds in develop their own digital currency, China will be the boss in the crypto market. Since they cannot take over the position of USD in the foreign exchange market, they move into crypto market. It is already too late for America to start developing their own digital currency. Thus, they try to kill the market.
They are not only trying to kill China, but also all the crypto lover.
As a crypto lover, I would like to HODL until the day China succeeds.