Why China's Ban Could Push the Bitcoin Price Higher…
Last week, China “banned” Bitcoin transactions, declaring them illegal.
China is one of the world's largest crypto-currency markets. Fluctuations there impact the global price of crypto-currencies.
So with that announcement, Bitcoin fell from $45k to $41k.
But the People's Bank of China went one step further and declared all virtual currency-related business transactions were illegal.
Because we've seen this playbook before. And the fact is, it could be great news for the price of Bitcoin!
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