China banned crypto last month. And what happened? Bitcoin prices rose. Take that, Xi Jinping.
Bitcoin and other crypto’s have been up nearly every day this month and is up again on Monday, so, as that old Sunkist tuna commerical used to say back in the 1970s…Sorry, Charlie.
As most cryptocurrency investors know, the People’s Bank of China and the National Development and Reform Commission outlawed cryptocurrency mining and declared all cryptocurrency transactions illegal.