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RE: Bitcoin Pulls Back After Hitting $5000 USD - Why This Is A GOOD Thing!
Somewhat, but I don't believe it's a reason to be too concerned long term. The free market always finds a way. But we're certainly up against a lot.
The Chinese ICO ban is ridiculous. Another slap in the face of those who wrongly call China a "free market". The technocratic state wants the future to be incredibly regulated and that includes a centrally planned cashless society.
Thanks for watching/reading! :)
A few ICOs focused on decentralized exchanges, plus, there is Lendroid + Øx, which will allow leveraged trading of ERC20 tokens, so Chinese investors will be able to freely invest in all kinds of digital assets without much effort. So I don't see what the Chinese authorities are hoping to accomplish with these ridiculous bans.