China is confident that bitcoin will fall to $ 10,000

A recent survey conducted on the Chinese social media platform Weibo has shown that Chinese residents expect bitcoin to fall to $ 10,000, which is the price for which 40% of respondents agreed to buy BTC.

According to the survey, which involved more than 2,200 users, Chinese crypto investors and traders expect the market to continue falling. As it has become known, 8% of respondents are ready to buy BTC for $ 18,000, 26% - for $ 15,000, and 40% - for $ 10,000.

Obviously, even at the current value of bitcoin (at the time of writing, BTC is trading for $ 19,733), most Chinese people are not ready to buy the flagship cryptocurrency and are cautious about it. Perhaps the opinion of the Chinese was influenced by the recent statements of the CEO of Red Date Technology, who called bitcoin the largest Ponzi scheme in human history. Or perhaps the Chinese expect that cryptocurrencies will meet the «fate» of non-fungible tokens that will be censored before mining to «comply with the country’s core values.»