Bitcoin was banned in China at the moment – this adopted the earlier ban, which was enacted following the ban earlier than that – which got here after the primary still-active ban.
Yes – the reality is that ridiculous.
To People New To Crypto “China Bans Crypto” Sounds Like An Important Story – But, It Isn’t…
Every few months, China bans crypto. They’ve been doing it for years.
Not solely is it a non-story as a result of nothing modifications basically, however China has been saying crypto bans for therefore lengthy now we have historic knowledge to show that Bitcoin’s worth passes each price-point they made these bulletins at – a predicion we will consider will occur once more, because it has been examined and re-tested a number of instances over.
Actually, China does this so usually, crypto-twitter waits on standby with memes prepared for the event. Let’s allow them to sum up the state of affairs…
Those have been just a few favorites, and on a day whenever you’ve watched a bit of your portfolio’s worth disappear for such a ridiculous motive – all you are able to do is giggle and bear in mind: it is all the time recovered!
Looking ahead to seeing what memes folks provide you with subsequent time – which sadly, everyone knows is coming.
——-
Author: Justin Derbek
New York News Desk
