Unless you are new to cryptocurrencies, you must have realised by now that the Chinese government FUDs Bitcoin every other week. But what they really mean is, they want to buy coins so they are crashing down the price just before to get it cheaper.
Sometimes though it’s the rumour mill that distorts messages. Such as in 2013, the Bank of China told its citizen to be careful with Bitcoin because it was highly volatile. That message somehow became a prediction that China was going to ban Bitcoin.
https://news.bitcoin.com/china-recognize-bitcoin-peoples-rights/
I’m just putting this out there so people think before they act and don’t get fooled again.
Have a nice day