China will launch its own Crypto Currency / 预测中国将短期内发行官方数字货币
I'm gonna start my steemit with a prediction that China will soon launch its own crypto currency, likely within the 6-12 month time frame.
When they do that, there are few main implications:
Further regulations on Bitcoin (maybe even on mining)
Some countries will buy into it and follow up with more regulations.
Bitcoin price drop and govenmental currency gain, in shorterm.
It might trigger a massive "correction" on all crypto prices, which will likely kill many ICOs as many have predicted.
When the dust settle, there will be a parallel universe of decentralized crypto and centralized crypto (WHAT?! yes, it will happen)
The big boy is coming, seriously.
