When one door closes, another one will open, and that is exactly how I would describe the relationship between bitcoin and the Chinese people. Just because bitcoin was strongly rejected there doesn't mean that others won't accept it, and in fact, this has made it possible for other nations to accept bitcoin because some of them have already legalized it as legal tender.

Despite the crackdown on bitcoin and digital trading in China, I believe China is one of the countries that hold the most bitcoin. They hold more bitcoin than any other region because they were the first to get their hands on it earlier, and I believe some of them are still holding it, nobody will ever be able to determine who is in possession of their private keys.

There are many real examples of Bitcoin adoption by several countries and a lot of support coming for the progress of bitcoin.
China may have been a big country that influenced bitcoin in the past, but now Bitcoin is not tied to China,
so there will be no manipulation from the bamboo curtain country.

El Salvador became a country that accepts bitcoin as legal tender after China banned Bitcoin.

Regarding Bitcoin holders originating from China, maybe the largest holders are in China because before the ban the biggest bitcoin miners were in China and a lot of bitcoins were mined from China.

However, when the ban was enforced, miners began to leave China by occupying countries that were pro with bitcoin.
Some of them may still have it, but of course, some have sold it. No one can say for sure which country holds the largest supply of bitcoins.

Are we really down to thinking that Salvador, a country with a 6mllion population, that's 1/4 of Beijing and an annual GDP of $69.25 billion, or 1/30 that of Guangdong will offset that? What's next, no problem in the US doing the same as China, Nauru adopted Bitcoin?


Can you name a few of those examples of adoption by countries, and when we say countries I think we both understand the country at the government level not usage by people in a country which is a different thing! And if we look from that point of view, is Salvador as the country really adopting Bitcoin, are they paying their government employees in bitcoin? Are they using Bitcoin for anything else?
I'm curious why some really claim this progress as being something that really can be seen and has happened and can be measured when from a neutral point of view we can obviously see we're still at the beginning of mass adoption and nowhere near what some claim. I honestly don't think we're that much radically close to global adoption as we were 2 years ago, but fill free to quote some numbers to change my mind!