Saturday, October 16, 2021
Home Crypto News Market Microstrategy CEO, Michael Saylor On China Banning BTC And Crypto: “Nothing Has...

Microstrategy CEO, Michael Saylor On China Banning BTC And Crypto: “Nothing Has Created More Wealth In The Past Decade Than Technologies Banned In China”

- Advertisement -

Microstrategy CEO, Michael Saylor always shows that he is a faithful supporter of Bitcoin. Microstrategy currently holds 108,992 BTC. Michael Saylor is among the big names of long-term and hardcore support of Bitcoin, just like Twitter CEO Jack Dorsey.



In his comment, he has shared a fascinating fact that any technology that China bans has turned into huge success:

“Nothing has created more wealth in the past decade than technologies banned in China. #Bitcoin”

There is a significant list of business/Technologies that were banned by China and they are more than successful:

  • Facebook
  • Instagram
  • Google
  • YouTube
  • Wikipedia
  • Netflix
  • Vimeo

 

This is not the first time China has banned crypto. According to Cointelegraph, Since 2009, China has forbidden BTC and crypto 19 times. Out of these 19 bans, 11 stops came directly from Chinese and Hong Kong regulators like People Bank of China (PBOC) applying or hinting at enforcing a crypto ban.

 

According to Senator Patrick Joseph Toomey Jr. (R-PA) tweet, the United States can benefit a lot from anti-crypto actions by the Chinese government.

He said:

 

Jeremy Allaire, CEO of Circle Inc and USD Coin (USDC), lists two models for the United States’ response to Chinese hostility.

 

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Realvision Founder Raoul Pal, “You Can Be Angry At Central Banks, Governments Or You Can Be Optimistic And Migrate To The New World Of...

RealVision founder Raoul Pal made important statements on digital currencies on Twitter. window.coinzilla_display = window.coinzilla_display || ; ...

El Salvador President, Nayib Bukele Says Citizens Are Using More USD To Buy Bitcoins

El Salvador President Nayyib Bukele shared two facts about the cryptocurrency wallet Chivo. window.coinzilla_display = window.coinzilla_display ||...

SEC Tacitly Approves First Bitcoin Futures ETF

The US Securities and Exchange Commission (SEC) has approved the ProShares application to launch the Bitcoin Futures ETF. Trading starts on Monday, October 18th. Also...

Bitcoin Above $60K After Twitter CEO, Jack Dorsey Said Square Is Considering Building A Bitcoin Mining System

Jack Dorsey says that Square is “considering” building its own Bitcoin mining system using custom silicon and open-source software. Read: Vladimir Putin: “Cryptocurrencies Have A Right...

CFTC Fined Bitfinex And Tether To Pay $42.5 Million Over USDT Backing

The United States Commodity Futures Trading Commission (CFTC) has settled claims against Tether and Bitfinex, ordering the company to pay fines totaling $ 42.5...

Bank Of Japan: “The Digital Yen Should Be Compatible With All Payment Services”

Executive Director of the Bank of Japan, Shinichi Uchida, believes that the digital Yen should be as simple and convenient to use as possible,...

Morgan Stanley CEO: “I Don’t Think Crypto Is A Fad, I Don’t Think It’s Going To Go Away”

Morgan Stanley CEO James Gorman said that the bank's clients show little interest in cryptocurrencies, but expressed confidence that digital assets will remain for...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.