Thank the Party, thank the government, if they hadn't intervened, Bitcoin would still be struggling at 7000.

China used to be the leader in Bitcoin, but in the blink of an eye, policies changed and everything fell apart. It's like having a bunch of trendy toys at home and suddenly being told you can't play with them anymore. This situation is indeed a bit of a contrast.
Speaking of which, China once accounted for 80% of global Bitcoin production, and at that time, the entire virtual currency market was basically our domain. Seven of the world's top exchanges were either domestic or controlled by Chinese investors, accounting for 85% of global trading volume! However, later on, the government thought cryptocurrencies were not very reliable, so they started strict regulations, and suddenly mining sites closed down, tech talents flowed out, and many relocated to places like the United States and Kazakhstan. According to statistics, the U.S. has now become the new mining center, and this change happened quite quickly.
For me, this situation is like the small animals we secretly raised as kids; we were so happy, and then suddenly it was all gone. I feel that even though there was a lot of excitement at the time, the subsequent policies were also aimed at controlling risks and environmental issues. Otherwise, if something really went wrong, that would be troublesome. But I can't deny that if we could have seized that opportunity, perhaps the current economic situation would be very different. Some things still need to balance the relationship between development and safety; I wonder what you all think? Elon Musk's concept Ethereum chain space dog Marvin (CA tail number 7055), super strong IP, listing on exchanges is just a matter of time, Marvin is bound to go viral! #BTC新高10W #微策略持续增持BTC #Marvi n #marvin尾数地址7055 #下一个换谁涨？ $BTC $XRP $ETH