Have been very strategic and prepared over the last 7 years. – They’re legit taking over. 💪
if they push for their own crypto currency. We'll see it. – No doubt. The rest of the world should take note. 👀
Like what do you think a one dollar bill would be worth if there could only be 21,000,000 of them!!!! wake up to reality!!!! – Lol true, theoretically BTC’s limited supply should result in a higher price w the same demand, over time. 📈
China will dominate 22 century – Seems like it. The tides are changing. They are already dominating social media and ecommerce, and this is within closed doors too. 🤯
i think china will have a first mover advantage. also the large population will bring more value to blockchain. – Yeah, it’s scary what they can do.
I don’t think so because it’s a currency that can’t be dominated by a country IMO. – Well perhaps not the permissionless realm, but I think they have the potential to dominate the permissioned blockchain space. 🤔
China is keen on all new perspective technologyes – True. They do see the value in the digital age. 🤑
China is moving first to exploit blockchain technologies. – Yup.
They are less worried about how to tax cryptocurrency and more focused on identifying and taking advantage of its benefits – Unlike the U.S… 😂
China will no doubt be progressive in the space because of its % population within technology. However, we should not underestimate other nations. I believe crypto is very much the hare and the tortoise. – Def, the other Asian nations are doing really well too. 👍
That could be very likely. China already acknowledged the importance of blockchain and could use it make their economy even more competitive. They want economic world dominance and could see blockchain as the missing puzzle piece. – Yeah that does make sense. I think they just want to be on the cutting edge of all these digital stuff as they see the potential in them.
china has always been good with everything tech so yeah, it won't be a shock if they dominate it... – Agree. 👍
Have been to slow out of the starting blocks and will always be centralised /controlled. This is so not what crypto is about. May dominate mining BTC in short term but that's not going to influence the industry! – Well they may not control the permissionless space, but I certainly think they have a shot at the permissioned blockchain space. 🤔
China is at the forefront of world domination of almost everything that has global connotations that they can impact to their own advantage – They’re def doing a good job.
Not a chance. While the Chinese government is certainly attempting to have control in this area, it is simply an effort to maintain control over the people of China. From an outsiders view, the people of China have woken up and are not accepting this type of control anymore. It will be very interesting to see what happens for sure. Most of the world is squarely on the side of the Chinese people, not the Chinese government. - What can they do though, really. The CCP is too strong and has its hands in everything.
They’re way more progressive in their mindset to dominate this space, especially when they peg their currency to real gold. They’ll reset the value of money globally all via blockchain. And when that happens, they’ll shift the world, and set the stage on the power / utility of the chain. Thus dominating the space. – Don’t think the CBDC will be backed by gold. I’m guessing it’ll be backed by central bank deposits from commercial banks and institutions. 🤔
Yes, well it will be whoever implements it best first, the beauty of blockchain is, everything can be on there. not just monetary {currency} value. Some other country might utilize the power of blockchain better, But I do believe first to party will grow best in space. Will be interesting to see what exactly China puts on the blockchain as they are renowned for privacy and human rights violations. And what will other countries take from that. – Gonna be an interesting next 5 years for sure, as the industry starts to really take shape. 😄
China always are 20 steps ahead. Europe and America are just to slow. – It certainly feels that way.
Population and desire to dominate global markets – The nation seems to be so laser-focused. 😵
