Crypto has recovered from China's FUD over a dozen times in the last 12 years
Cointelegraph
Published Sep 24, 2021 06:23PM ET
Updated Sep 26, 2021 08:20PM ET
The price of Bitcoin fell 5% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal.
With that in mind, let's take a nostalgic look at the last 12 years of FUD out of China, and see if we can spot any patterns.
h3 China banned 'virtual currencies' for the first time in 2009/h3 h3 The first Bitcoin-specific ban hit in 2013/h3 h3 Fake ban threats plagued 2014/h3 h3 A Chinese exchange hack briefly tanked prices in 2016/h3 h3 In 2017, China dropped crypto-related bans twice in a single month/h3 h3 Media reports led to a short crypto crisis of faith in 2018/h3 h3 The FUD raged on in 2019/h3 h3 China was allegedly behind 2020's 'crypto bloodbath'/h3 h3 FUD comes to present day/h3 h3 The total number of times China FUD has failed to kill crypto: 19/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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