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❕NEWS Major Chinese bank is selling $3 billion for bitcoin

De-rector

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Bitcoin.com revealed that China construction bank is selling $3 billion , it is scheduled to be listed in the Malaysian digital asset Exchange, Fusang Exchange, it was stated that Investors can pay through Fusang Exchange in bitcoin.

There are has been on the news that China has ban bitcoin but this is coming now, share your views.
 

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You didn't tell us $3 billion of 'what'. I am guessing that was bonds or shares, right? Since the trade is happening through Malaysia, maybe that is why the government is turning a blind eye to the payment in bitcoin.
 

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I'm afraid this will have a great impact on other countries as well.


The value of bitcoin is steadily going up and crossed 16k at the time of writing this thread. There are all chances the value of bitcoin too would go down a lot.
 

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Even countries that are banning the use of bitcoin still believe in the prospect of bitcoin and as such they might still carry out transaction albeit huge ones at a time on there
 

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If indeed China has Bitcoin ,then there is concern over the integrity of China who publicly denies Bitcoin but secretly buys it.
 

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If indeed China has Bitcoin ,then there is concern over the integrity of China who publicly denies Bitcoin but secretly buys it.
This is what I have been writing countries that are banning crypto still have a way of still transacting business with crypto. So crypto still wins against all odds
 

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Three billion dollars for Bitcoin is quite an impressive investment portfolio, the trend of more investors flocking towards Bitcoin is more than an encouraging indication to traders to get in on buying Bitcoin
This is true but I am just wondering that despit the increase in the level of buying and holding, the resistance of bitcoin at $19000 is taking longer.
 

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Three billion dollars for Bitcoin is quite an impressive investment portfolio, the trend of more investors flocking towards Bitcoin is more than an encouraging indication to traders to get in on buying Bitcoin
This is the most reason why people should look into investing in bitcoin no matter how small. These whales are really seeing the future with bitcoin
 

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This is the most reason why people should look into investing in bitcoin no matter how small. These whales are really seeing the future with bitcoin
It is true because the huge investment in bitcoin has made it stronger, it is more reason it has sustained the $19000 mark for almost a month now without crashing.
 

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It is true because the huge investment in bitcoin has made it stronger, it is more reason it has sustained the $19000 mark for almost a month now without crashing.
I wonder when it will click dot on the $20k mark. I know everyone is anticipating this so let see if it happen before the year comes to a halt.
 

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This is the most reason why people should look into investing in bitcoin no matter how small. These whales are really seeing the future with bitcoin
The issue with these whales holding too much Bitcoin is that should they start dumping their coins it could cause a huge panic selling and bring down the price of Bitcoin
 
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