RE: What happens if China decides to lift its ban on Cryptocurrency Exchanges?

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What happens if China decides to lift its ban on Cryptocurrency Exchanges?

in bitcoin •  7 years ago 

According to my view and analysis, if China revokes the ban on cryto currency, surely the price of digital currency will jump high in price, because the demand has increased, Especially chinese with a very large population ..😎😎😎

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It should, but cryptos aren't standard equity and don't follow standard econ rules. So even if demand goes up, nothing might happen to the price.

I agree but believe the majority of the gains will be as a result worldwide of people being more comfortable with the space now that a major uncertainty has been removed. In fact, it could even be perceived as greater certainty exists. Remember ALL money is a confidence game.