$BTC Will China "unban" Bitcoin trading?

FX168 Financial News Agency (Asia Pacific) reported that Michael Saylor, CEO of MicroStrategy, a US listed company and Bitcoin whale, said that he believes that the Chinese people and the government will accept Bitcoin again. He mentioned that when Shanghai Bank is about to launch a Bitcoin spot ETF and provide custody services, it will open the door to encryption for 1.5 billion people in China.

In an 84-minute podcast interview, Saylor claimed that the price of each Bitcoin will reach $10 million and that the whole of China will support Bitcoin.

He emphasized the impact of Bitcoin's application in China, saying: "When Shanghai Bank is about to launch a Bitcoin spot ETF and provide custody services, it will provide Bitcoin services to 1.5 billion people in China."

While it is still uncertain whether China will make this shift, Hong Kong has already launched a Bitcoin spot ETF.

For Saylor, the increasing popularity of Bitcoin in China will drive up the price of Bitcoin.

CoinTelegraph reported that Saylor directly stated that he believes that the Chinese people and the government will accept Bitcoin