🌐 Three Facets of Cryptocurrency: A View from China 🪙
Friends, let's take a look behind the scenes of the global crypto market. Research institute China Finance 40 identified three key roles of cryptocurrencies:
1️⃣ Store of value (like gold in digital format).
2️⃣ Utility tokens (your pass to the world of blockchain).
3️⃣ Stablecoins (digital stability tied to fiat currencies).
🚀 As of December 28, 2024, the total cryptocurrency market reached an incredible $3.43 trillion! This is 5% of the US stock market or 35% of the Chinese stock market. 💰 The world is changing faster than we think.
But China has chosen its own path. 📉 In April 2017, when the ICO bubble was at its peak, the country's authorities took a tough anti-crypto stance, putting an end to the issuance of tokens. 🚫
Now one question remains: will China be able to return to the crypto arena if digital assets become an integral part of the global economy? 🤔
What do you think about this policy? Was it worth giving up the game, or is China preparing for something bigger? Let's discuss! ✨
