China does not support bitcoin trading because of its great uncertainty. Bitcoin's money making effect is very good. In the short term, it has been able to continue its money making effect. However, there are also big problems with bitcoin. First, a large number of bitcoins are controlled by a small number of people. When buying stocks, we all know that we should stay away from "Zhuangzi". This principle also applies to bitcoin. Maybe "Zhuangzi" will not reap in the short term, but once a large number of transactions start, bitcoin will face "crash". Second, as we just said, the value of bitcoin depends on people's recognition. If we recognize it, it will be valuable. We have found a substitute. It may not be worth a cent in the end. Its value is determined by market supply and demand, but in the final analysis, it does not belong to the legal tender of any country.

China's restrictions on bitcoin trading have a real impact on a small number of investors with investment experience and risk tolerance. However, for the vast majority of investors whose concept of bitcoin only stays on "very profitable", it plays a very good role in protecting them. If investors are not allowed to trade, it may cause some people to lose their opportunities to make money, but it may also lead to some problems So that more people can avoid the fate of being ruined overnight.

Does digital currency have a better development prospect? China's digital RMB has come to the stage of verification, and the development of digital RMB in the future is worth looking forward to.

(2021-4-18)