**China Rumored to Lift Bitcoin Ban, Crypto Community Skeptical**
Fresh buzz on social media suggests China might lift its long-standing Bitcoin ban by late 2024. Galaxy Digital CEO Mike Novogratz shared on X that he's heard China is "likely to unban" Bitcoin, calling it a "huge deal" if true.
However, the crypto community remains doubtful. Many pointed out that China has "banned" Bitcoin multiple times without significant impact. Skeptics argue that China’s strict stance on crypto is unlikely to change.
Despite the bans, China remains a leader in Bitcoin mining. Some experts believe a policy shift could be beneficial, but many industry figures, including Red Date Technology's CEO, dismiss the rumors, citing China's political agenda and concerns over capital flight.