To start, Bitcoin is a decentralized network, having too much of it in one single place is no good for any of us.
Remember that China is a country that is anti-freedom, anti-growth, anti-liberty, etc.
Many companies have been banned in China followed by great success & growth.
Bitcoin is a network/money that is all for FREEDOM, decentralization, growth, liberty, prosperity and more.
Bitcoin moving out of China means that it will be more decentralized, exactly what it was meant to be and exactly what we all want.
60% of the Bitcoin miners were based on China and this is no more...
As China continues with its policies against Bitcoin , we see it moving to other countries, not just one country but many different countries at once.
We see Bitcoin moving to other parts of Asia...
We see Bitcoin moving to South America, Central America and now the USA as well.
This is ULTRA , mid and long-term.
This is just another road block that we are coming out ahead.
As soon as Bitcoin and China divorce, we can look at/expect, long-term sustained growth.
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Being banned by a government institution doesn't mean "fail".
Bitcoin didn't fail in China, it is being banned by the government.
Volatility = Risk = Immature marker space = Speculative Market
Once you see the volatility significantly drop and all crypto’s not dependent on bitcoins price is when you can say this space is based on fundamentals and individual crypto prospects.
We are in a massive market cycle which is pointing to a price reset to the mean or below to start the uptrend again.
DXY up means BTC/GOLD/SILVER/STOCKS down
(Check the charts and dates of peaks and bottoms for yourself)