China’s crackdown on the cryptocurrency industry might not stop with banishing crypto miners.
According to Bobby Lee, the founder of the very first Chinese exchange, there is a 50 percent chance that Bitcoin ownership will be banned in the country:
The next thing they could do, the final straw, would be something like banning cryptocurrency altogether. I put it at the odds of 50-50.
Lee believes that China could move to completely ban Bitcoin when the cryptocurrency’s price hits $500,000.
Alex DovbnyaThe crypto pioneer is still convinced that Bitcoin could reach $250,000 later this year despite a massive correction.
As reported by U.Today, the top crypto recently jumped to nearly $40,000 amid Amazon rumors.
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Yuri Molchan
Vladislav Sopov
Dan Burgin