China once gave three chances, but now Wu Jihan is aggressively criticizing the vice governor of the central bank

In the past, China gave three precious opportunities to buy a car at a low price: one for 900, one for 5500, and one for 16000.
The first was in late 2013 when an announcement was issued to define Bitcoin as a virtual commodity rather than a currency, and subsequently prohibiting online banking and payment platforms from directly serving trading platforms.
The second time was in early 2017 when they entered the trading platform, banned high-leverage futures, required transaction fees, and even suspended withdrawals for a period of time.
The third time was in September 2017, when the ICO token illegal fundraising was banned, which led to further requirements for non-token digital currency platforms to be shut down.
Next time I have the chance, I will eat them all!
On the afternoon of the 2nd, Pan Gongsheng, deputy governor of the central bank, said that closing Bitcoin exchanges and cracking down on 1C0 were both wise and powerful decisions.

Pan Gongsheng believes that the measures taken by Chinese regulators on Bitcoin a few months ago were very resolute, otherwise the whole world might point the finger at China. Pan Gongsheng shared and read a sentence from the article "Bitcoin Rises to $10,000: Is It a Speculative Bubble or a Reflection of Future Value?" by Eric Pichet, a professor at KEDGE Business School in France, as a conclusion: "As Keynes told us: 'The market can be irrational for so long that it can bankrupt you.' Therefore, there is only one thing to do: sit by the river and watch. One day, the corpse of Bitcoin will float past you."
In response to this, Wu Jihan of Bitmain, which has the most computing resources in the world, responded domineeringly:

Xiaobao thinks that what Bitmain CEO Wu Jihan said is correct and highly praises it

Bitmain: Jihan Wu

Speaking of Bitcoin, speculation in cryptocurrencies is risky. Not to mention whether there is a good point to enter the market, it is difficult just because of human nature. Because those who want to gain profits through speculation in cryptocurrencies are generally gambling. Even if they make a profit in a short period of time, they are very likely to not be able to hold on to it. However, the Bitcoin obtained through mining is generally unlikely to be sold, because the daily income is basically stable and will not suddenly explode, which will make all friends who participate in mining hold Bitcoin for a long time.
China originally had a unique advantage. Nearly 80% of Bitcoins were mined in China. If China could have established a Bitcoin bank earlier... As we all know, all domestic trading platforms were blocked. The current situation is,
China paid for electricity and water, and spent a lot of manpower and material resources, but ended up becoming a farmer, selling the data mine it had worked so hard to dig out at a low price, and 80% of the profits were taken away by the Americans. It was really a case of playing a good hand badly.
If an officially-backed market is established earlier, even the situation of foreign exchange outflow can be alleviated. If China can become the world's largest Bitcoin trading center or even the global digital currency trading center... a large amount of foreign capital will flow into the domestic Chinese market, and the international demand for the RMB will reach an unprecedented level.