Well-known cryptocurrency media Bitcoin Magazine predicted in an article on Wednesday (December 18) that China may soon lift the Bitcoin ban, which could happen as early as January 2025, and believes that it is only a matter of time before the Bitcoin ban is completely lifted. The media responsible for hosting the Bitcoin 2024 conference believes that China may have been quietly accumulating Bitcoin.
Vivek Sen, EU correspondent for Bitcoin Magazine and operator of Bitcoin marketing agency Bitgrow Lab, wrote: “Look, I think it’s only a matter of time before China completely lifts its Bitcoin ban. Yes, they banned trading and mining in 2021, but honestly, a lot has changed since then — especially this year. The momentum of Bitcoin around the world has been crazy.”
He added that the market has seen U.S. President-elect Donald Trump call for Bitcoin hoarding; Bitcoin ETFs have been approved, Federal Reserve Chairman Powell called Bitcoin "digital gold", BlackRock CEO Larry Fink turned to Bitcoin, and even Russian President Putin praised Bitcoin. With all these things happening, "I wouldn't be surprised" if China has begun to quietly hoard Bitcoin.
He further explained: “The reason why I think so is that China doesn’t like to announce what they are doing in advance - it’s not their way. Binance founder Changpeng Zhao (CZ) recently spoke about this at the Bitcoin MENA conference in Abu Dhabi, saying that while the United States likes to publicly announce upcoming policies (such as Trump announcing his Bitcoin plan to win voter support), Asian countries prefer to remain silent.”
“If they (China) do something about Bitcoin, they’ll do it quietly — and when they’re ready to make a formal announcement, we’ll know,” he stressed.
Now, with Trump’s big push for Bitcoin and cryptocurrencies, Vivek doesn’t think China will sit on the sidelines for too long. This is turning into a global race, and if China wants to stay competitive, it can’t miss the Bitcoin train.
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LINK
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WIF
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CRV
Curve DAO Token (CRV) has experienced significant price volatility recently, with its value increasing by 5.05% over the past day. It is currently trading at $1.13. This upward trend is consistent with bullish market sentiment and the extreme greed indicator in the Fear & Greed Index, with a score of 87, indicating strong market confidence.
Market dynamics show that CRV’s market cap is $1.41 billion, also slightly up, further demonstrating the token’s acceptance and utility. CRV’s trading volume was $501.48 million, up 3.47%, indicating increased trading activity, which may have been influenced by recent developments in Curve Finance.
Notable events include Curve Finance founder Michael Egorov’s massive buyback of 1.08 million CRV tokens at an average price of $1,114, totaling approximately $1.2 million. This move is a strong vote of confidence in the future of CRV, especially after the June 13 liquidation event, and is intended to stabilize or increase the token price.
