This is news that could not have gone unnoticed. In the midst of the cryptocurrency frenzy, bitcoin, the flagship currency, saw its price drop very quickly last week, from nearly $ 60,000 to less than $ 35,000. A fall due to several factors, including one that received more publicity than the others: China’s bitcoin regulatory plans. A news that has scared many aficionados, when we know that 70 to 80% of cryptocurrency mining comes from this country, but which, for the regulars of the sector, has a serious air of déjà-vu!
Indeed, this is not the first time that such an announcement has been made. The first is even almost 8 years old, since in 2013, China was causing panic to rise by denying bitcoin the status of currency., and asking Chinese financial institutions not to use it, which had led to a sharp decline in its price. Since then, the same kind of ad has emerged several times, with an occurrence in 2017, a few weeks before the crazy surge that would create the first global public momentum towards cryptocurrencies. Suffice to say that in the state, and without further details, caution must be required!