‘Heading To Zero’—China Issues Shock Bitcoin Price Warning Amid Huge $2 Trillion Crypto Crash
— Shock, China, Investors, Warning, Crash, Issues, Daily, Crypto, Trillion, Huge, Heading, Forbes, Zerochina, Free, Price, Market, Transactions, Bitcoin — 1 min read
Bitcoin BTC and cryptocurrencies have been rocked by a huge $2 trillion crash this year. China's Communist Party (CCP) newspaper has warned investors should be prepared for the bitcoin price to hit zero. China has overseen a comprehensive crackdown on bitcoin and cryptocurrencies in China. The U.S. and other governments around the world have stepped up efforts to regulate and rein in the volatile bitcoin and crypto market in recent months—with the Economic Daily blaming a lack of regulation for creating a market "full of manipulation and pseudo-technology concepts" The bitcoin price has been bouncing around the closely-watched $20,000 per bitcoin level. Source