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hi guys thanks for coming back to the channel China on the verge of bursting Bitcoin babble we've been hearing about this in the past few days and it looks like it could be serious they're trying to clamp down on - especially Bitcoin miners wanting them to obviously pay more electricity or at least reduce the electricity that is being used currently in China to mine Bitcoin and cryptocurrency in general now the leaked documents that has been spread around in fact says that they're after the live mining factories and they should quit and gradually BTC Bitcoin Bitcoin mining with trench or Bank official chopped prepare for the rollercoaster it will be definitely a roller coaster if that's what's gonna be happening when it could be just another foot from the Chinese government we've seen last time what happened they spread the food in areas to bid quantity exchanges and not long afterwards they pedal back made strict regulations possibly bought Bitcoin and other cryptocurrencies on the cheap and everything came back to almost normal now maybe that's the same thing we are seeing here but to be honest video I wouldn't mind for them to clamp down on the lead mining factor does not mean they're not going for the small players like myself and everybody else but they going for huge corporation we can call them the ones that probably are not even paying a single penny of electricity we have seen the reports that they pretty much artstein electricity the other day China is so huge they are based in places where nobody else leaves a part of those basic - so we're gonna have to wait and see is it just foot or are they for real it's gonna have an effect on the Bitcoin to the rest of the world and in general I don't think so if it does it's gonna be short lift in my opinion and let's be honest those miners I am sure they have enough money to move across to another country set up their operations and continue then are they all they need is a space and internet connection cool and whether it will be preferable for them so they spent less money for electricity because in other countries probably they gonna have to pay if they are now not paying what are they paying Ricci but I am sure they will still survive and Bitcoin mining will continue as normal in the meantime however JP Morgan Hospital back on his statement in regards to Bitcoin being fraud well he didn't actually turn her back on the fact that Bitcoin his fraud he all he said is that he is not interested the blockchain is real he in fact said this even before you can have crypto yen and dollars and stuff like that Isis you have to look at individually diamonds and an exclusive interview the Bitcoin to me was always what the government are going to feel about Bitcoin as it gets really big and I just have different opinion than other people are not interesting that much in the subject at all let's be honest I'm still surprised that Jamie Dimon is not interested because in the end of the day even if he doesn't like cryptocurrency Jamie Dimon and JP Morgan are in the business of making money and cryptocurrency at the moment is the big thing everybody makes money from cryptocurrency so is he just trying to be cautious or maybe he just can't jump out all of a sudden and say I'm I'm here and we want to be investing maybe he just wanted to graduate so he doesn't look that stupid in front of the people what I have to wait and see but I'm sure eventually they can't pass on this this is an opportunity of a lifetime and I'm sure Jamie Dimon with JP Morgan can make if not billions millions of dollars PR investing into cryptocurrency they have the money and when you have money you can make money and I'm sure they can hire very smart people to help me do that I'm gonna have to wait and see in regards to this but it's nice to see his approach towards cryptocurrency definitely getting much more friendlier and I'm sure very very soon we would see Jamie dying speaking more about cryptocurrency and eventually possibly launching their own futures their own desks and having their own teams investing and trading into cryptocurrency he did say that he would fire anyone that you know touch cryptocurrency but I am sure who change he can't pass on this opportunity there are so much money into cryptocurrency and that it's only going to be getting bigger and bigger at the moment yes the market is slightly down let's quickly look at where it is on the corn market cap but in the end of the day it is getting very very close to the trillion dollar now that's numbers we are talking here Bitcoin is doing not too bad despite the fact that we have quite a bit of negative news especially from Chinese government where we were up to $17,000 now we are down to almost 15k but then again it is a market it goes up and down just like a roller coaster and that's what's going to be happening in China supposedly thank you for watching guys that's all I wanted to share with you stay strong how I can say is continue this incredible journey by holo use trade whatever you want to do with it just enjoy it because it's one-of-a-kind and I'm sure things will be only getting better and better despite the fact that the government's are definitely going after it what can I say you know a I've watched the video yesterday in regards to the banks the real scammers and it's funny that governments haven't closed the advance despite the fact that they've been called doing fraud laundering money and whatnot but they are going after cryptocurrency they just don't want to see you know the normal person all of a sudden being in control of his own money and not needing the government to tell him what to do with his money and to control his money and to tell him when to use his money and when he should not use his money and all these things well it's an interesting thing it's interesting time that we live in and it's only big it's only getting started thank you for watching guys if you enjoy the channel feel free to subscribe and share if you have any questions feel free to ask if you want to give me any information feel free to do so down below in the comment section and I'll see you the next video bye for now
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