CHINA MAY LIFT ITS BAN ON $BTC ! 🤯 & Here Is Why It's EXTREAMLY Bullish! 🔥👇
China is considering to remove its ban on Bitcoin by the 4th quarter of 2024! If the ban will be lifted, then the global crypto market will be drastically affected! Billions trading volumes will kick in, boosting BTC's price to new ATHs! For who may doesn't know, back in 2013 China implemented multiple bans, including prohibiting financial institutions from Bitcoin transactions, banning ICOs and shutting down exchanges and mining operations.
In my opinion, lifting the ban would signal a more favorable regulatory environment in China. As a consequence, this could boost up the investor confidence not just in China but globally! Also, consider that China is one of the world's largest economies and thus it will generate higher market activity and liquidity; which can drive prices up!
Will BTC Reach $150'000 If China Removes The Ban? 🤔 Let Me Know In Comments!
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