Threats from China have gone nowhere and Bitcoin is already past $ 4700
Neither governments nor speculators can with Bitcoin, which after the vain threats from China and other countries, has been recovering value little by little, to more than $ 4.700 that it is worth right now.
A few weeks ago, everything was chaos in Bitcoin, due to China's threats to outlaw ICOs, something that has been fulfilled, but to a certain extent it does not matter, because an Initial Coin Offering (ICO) is not established in a country In particular, it tends to be more online, but contrary to Chinese regulation, Switzerland regulates and allows them, something that is more logical. China threatened to close all mining centers and exchange houses in the country, something that has become much ado about nothing.
When Bitcoin fell to $ 3000 and the attacks from China, Russia and India and everyone who wanted to target, we already warned that China and Russia were working on cryptocurrencies based on the Ethereum blockchain and that what they wanted was for Bitcoin to go down a lot and when they announced their Ethereum-based currencies, ETH would skyrocket and thus their currencies would have a high value, something that does not happen currently, since the Chinese Yuan and the Russian Ruble have little value in the markets due to the inflation they suffer these countries, which has repeatedly forced them to devalue their currencies.
The strategy sought for ETH to become the first currency in the cryptocurrency market, with the interest that its virtual cryptocurrencies based on their blockchain have the highest possible value, although these currencies are apparently quite far from being able to reach the market. What these two states intend is to launch a paper money based on the blockchain and whose value varied in the currency markets, to try to finance themselves at a lower cost and make their depleted economies recover the lost path.
The scavengers of JP Morgan joined the attack, something that investors did not pay the slightest attention to, due to the usury policies of this firm and others like it, which are based on someone else's money to earn millions and if they do not have that foreign capital with which to speculate, they lose money. Europe's interest in Bitcoin and cryptocurrencies, support from Switzerland, the US SEC working to regulate and control ICOs and company adoption, are giving Bitcoin air, but what gives it more air is that, Today, October 9, China continues to go for grapes and Bitcoin is still legal, the exchange houses have not closed and the miners continue as if nothing.
Vain threats by China, which has tried to regulate Bitcoin and make it illegal, simply because what it receives from mining is little, taxes on land, electricity and little else, and the government would not like that. more money, in addition, to avoid capital flight, although, there is a double game in this case, because China provides internet service and hardware for cryptocurrency mining to North Korea, suffocated by the international sanctions it has seen in the Bitcoin a system of entering capital and thus being able to buy goods and enter them through the borders of Russia and China.
Bitcoin, has been rising day after day and is already at $ 4.700, very close to $ 5.000 again and it is possible that in the next few days it will exceed this figure, since many experts talk about the possibility that Bitcoin will reach be worth $ 6.000 by the end of the year. It is not ruled out that when it reaches $ 5.000 it suffers a fall to $ 4500-4400, and then rises more or less continuously to $ 6.000. The voices about a bubble in Bitcoin do not cease and will not cease, on the part of the banking and economic elites, who see how there is capital that they cannot control, manipulate and steal.
Investors are realizing that the petrodollar and other Fiat currencies are being controlled by the states and are not leaving the current market naturally, causing bubbles and inequality.