Due to the ban on mining, the Chinese are selling bitcoin in large volumes, which are bought by large players and exchange investors. The debate between analysts and experts around the value of bitcoin is just a means of earning money for the same analysts and experts.
The debate around Elon Musk's tweets is a fool of the "dark" population, and for the more advanced, it's tales of the "whale" conspiracy. It has nothing to do with the market. There is a struggle on the market now between the Chinese economy and the US economy. And everyone will pay off, like the leading countries of the Eurozone, and of course, the weak third world countries with developing economies.
Digitalization is not the future, but the unforgiving present. The digital yuan (DCEP) has been successfully verified and is already being integrated domestically, with only a few weeks left before the yuan can be used in transactions. If the digital currency of China becomes widespread in the world, then in the future, China may undermine the monopoly of the US dollar. And the Chinese Communist Party orients banks to internationalize the digital yuan.
Is it really incomprehensible to anyone now the reasons for the prohibition of bitcoin in the DPRK and the opposition of the Chinese authorities to mining?
The developing countries of South America and Africa, dependent on the dollar, understand the current situation and want to secure their economies by considering Bitcoin as another alternative. Whether the central banks of developing countries will start accumulating bitcoin is a matter of time.
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