China Bitcoin Crackdown Explained - Will It Affect The Crypto Markets & Prices?

Chinese government efforts to crush Bitcoin continue with a proposed mining ban, adding to the raft of anti crypto legislations in force in the country, but much like Bitcoin, Chinese buyers just don't care.

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Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money.

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[coinborg]

When you realize Bitcoin isn’t a joke or a fad 🤷🏻‍♂️

[conseated]

Laat time this happened in 2017, Bitcoin hit it all time high a few months later.

[amit.bhardwaj]

Would you please get your crypto lark bird back on stage? The tune was so nice.

[nickob]

Yeah I have a Yuan account in the Bank of China in Manchester UK and its been a waste of time from start to finish, communication is zero, and they have a thousand and one rules or rather obstacles on how you can not do idea at the time

[terrabusinessLLC]

I absolutely love your videos. . Just awesome....

[indianajcryptobuff]

I haven't purchased an miners from Bitmain in almost a year - its getting time to re-invest as mining profits are on the rise however between the US sanctions, Chines crack down, and Bitmains questionable business practices over the past year, I am uncertain if my shipments will even make it to the U.S. let alone in quality format.

[fergalfarrelly]

How do you short Bitcoin? Well if you are coinbase you would send us all emails to buy bitcoin, even 2$ 2£ or 2€ right before a dip. Wich they just did today...

[scottharshlands]

People give the US a hard time but at least the US doesn't have a social credit score. Holy fuck.

[knowitintobeing]

It's really weird and makes no sense. Normally in china everything is about money. So why they leave this chance behind to make more money. Strange.

[maryanneltarian]

Lark you didn't really address how the price of BTC might be affected. Sounds like, not much, and black market will push prices higher in China.

[YourBestPapa]

What does this mean for Chinese projects? Like Elastos for example. Weren't they starting to work with the Chinese government?

[neilmanning]

How will this stance affect China projects like Elastos, Neo, Ont etc? They have different use cases so they are still valid and thriving?

[MrHarrilasagna]

Insert "South Park China bans Bitcoin meme" here. 😏

[Boxmining]

Bitcoin began to grow up only after this news)

[rjames]

Possible mining restrictions in China may also increase mining costs and hence the price of Bitcoin!

Good also that Bitcoin can be mined using excess waste gas produced by oil mining in Canada. ‘Bitcoin saves the environment’. Wall Street journal and NewsBTC has article last week!

[ClovisStarNews]

On some nights, I still believe that a car with the gas needle on empty can run about fifty more miles if you have the right music very loud on the radio. -Hunter S. Thompson

[lowjinchyuan]

Less bitcoin mining means less bitcoin. This will only boost the price.

[mork]

Not planning a trip to the Great Wall any time soon Mr Lark, i think your pic just went up at airports. China is a mega control freak who has become the World's Banker so not many want to go up against them and lose their piggy bank.
By the way how can China have the most amount of Billionaires, have had the most expensive infrastructure program, buy & own most of the globes hottest properties and Australian mines and agricultural land, but can't make milk powder for their babies.
Where is the money coming from people they haven't made as much as they spent, me thinks it's a busy little printer.
Every country wants their money and don't care how it came into being. I say they print-it lend-it get real cash back in to buy our assets.

[MrRejaked]

1.5x speed... U are getting slow ninja Lark 👻

[HybridGlobalCitizen]

China is a very strict totalitarian society. So what will happen as the crack down tightens? The internet laws are very different in China. So how hard is it for China to trace out their citizens involved with in any way shape or form or simply buying and holding BTC?