One month after Trump announced his final victory in the US presidential election, Bitcoin officially broke through the $100,000 mark on December 5, with a market capitalization once exceeding $2 trillion, surpassing Saudi Aramco and ranking as the 7th largest asset in the world.
Tsinghua University's Bitcoin online course tops Douyin's hot search
It is worth mentioning that in the recent raging bull market of Bit, Tsinghua University in China released a 6-hour popular science online course on Bit on Douyin, which attracted great attention from netizens in the mainland. Within five days of the release of the course, it received 927,000 views, 54,000 likes, 36,000 collections and 20,000 shares, and once topped the Douyin hot search ranking at No. 7.
It is worth noting that in the comment area of this online course, the performance of mainland netizens seems more interesting. Among them, many people are asking how to download the exchange, and whether there are any netizens who can provide relevant links? There are also suspected crypto people who screenshot their accounts to show off, hinting that they have invested early and become rich. In addition, there are also many people who are even vigorously promoting the public chain Core, claiming that the potential of Core is immense...
In short, in the comments of this video, mainland netizens either express curiosity about Bit, or seek investment channels, and it seems that no one is saying that Bit and cryptocurrencies are scams.
Can China lift the crypto ban?
We know that in the field of cryptocurrencies, whenever China is mentioned, the first thing people think of is the strict ban imposed by the Chinese authorities on cryptocurrencies. As a former major incubator of cryptocurrencies, China has successively stopped all ICO activities within its borders and completely withdrawn cryptocurrency exchanges since September 2017, and after issuing a mining ban in September 2021, cryptocurrency-related activities in China have generally been deemed illegal. Although there are still many people active in the crypto field, they are often not recognized by others, and are generally considered to be in the gray area.
However, with the US approving Bit and Ethereum spot ETF products this year, and Hong Kong, China also listing Bit and Ethereum spot ETFs in quick succession; at the same time, after Trump's victory, major US listed companies and private enterprises began to announce investments in Bit, and Trump even called for the US to include Bit in its asset reserves; Russian President Putin also stated that no one can completely ban Bit...
Against this global background, as the world's second largest economy and a long-term competitor of the US, whether China will race against the US on Bit has become one of the issues that investors are most concerned about. Whether China's attitude towards cryptocurrencies such as Bit will be relaxed is worth our continued attention.
