🔒China has banned even holding crypto!🚨
📉 After the Chinese authorities declared trading and mining illegal, private ownership of cryptocurrency is now under ban!
💥 The market reacted with a decline: BTC$BTC plummeted to $104,684 at one point, with liquidations in the millions 💸
😱 Trader James Winn was liquidated for 949 BTC ($99.3 million)!
🤖 The ban is a continuation of the course towards complete control — against the backdrop of the promotion of the digital yuan (CBDC), classic crypto has found itself outside the law.
📊 China still holds 194,000 BTC$BTC — selling off such a reserve could crash the market!
⚠️ But history says otherwise: every Chinese ban in the past has only led to a temporary decline. Crypto has always come back stronger 💪
🌍 China is suffocating, the world is decentralizing. We are watching the capital outflow to friendly jurisdictions.
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*This information is not individual investment advice
