Is China ready to lift its ban on Bitcoin? New rumors for September?
Rumours suggest China may lift its Bitcoin ban in September 2024, potentially reshaping the global cryptocurrency market.

Rumours suggest China may lift its Bitcoin ban in September 2024, potentially reshaping the global cryptocurrency market.
Chinese scholars acknowledge Bitcoin as property, signaling a potential shift in the country's stance on cryptocurrency. This recognition challenges previous perceptions and may lead to a relaxation of the Bitcoin ban. Market responds positively, with Bitcoin price rising by 1.90% to $64,897.90.
MicroStrategy Chairman Michael Saylor asserts Bitcoin's superiority over gold amidst surge in gold prices. With over 214,246 Bitcoin amassed, Saylor reaffirms bullish stance. Bitcoin's outperformance and upcoming options contract expiry contribute to market volatility.
Our market analysts link this surge directly to the recent launch of the Kujira oracle in October and the introduction of the Kujira treasury in November 2023.
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