Michael Silver: The ban on digital currencies in China has no effect on bitcoin.

October 2, 2021

0 2 minutes read

مایکل سیلور: ممنوعیت ارزهای دیجیتال در چین تأثیری روی بیت کوین ندارد

Michael Silver: The ban on digital currencies in China has no effect on bitcoin. – Digital currency

Bitcoin News

Michael Saylor, CEO of MicroStrategy and one of Bitcoin’s largest investors, has said that banning digital currency-related activities in China will have no long-term effect on bitcoin prices.

to the Report In an interview with Bill Barhydt, CEO of Micra Strategy Micro Strategy, Abra Barrydt, CEO of Digital Currency Management Abra, said he has previously been a shareholder in Google, Facebook and Twitter. He says he has not been allowed to be harassed by Chinese lawmakers in the past, and that will not happen now.

Silver said:

If you sold its stocks in 2010 when China wanted to block Google, Facebook and Twitter, you would lose a lot of money. Thousands of billions of dollars [پول] Occurs in industries that China has banned. I think China’s doing this [حوزه] It is insignificant. It’s kind of funny, because for the last five, six and seven years, China has banned something every three months.

Last week, China announced that it wanted to outlaw almost all activities related to the digital currency industry.

Documents signed by several government agencies show that the Chinese government has cited scams and illegal activities related to digital currencies as its main reason for banning activities in this area.

Michael Silver says he is not worried about the long-term impact of these measures on bitcoin prices. However, he says investors who do not want to hold their bitcoin for the next 10 years should not hold it for another 10 minutes.

On the other hand, he believes that the United States has a very positive approach to bitcoin.

Silver said:

I think if you look at the statements of the central bank or the legislators, [متوجه می‌شوید که] They are of the opinion that bitcoin is an asset. [آنها می‌گویند] Bitcoin is a commodity. [تاکنون] I have not seen any legislator say bitcoin [ابزار] Digital to store value.

The CEO of Microstrategy added:

I think the rules [ارزهای دیجیتال] It moves towards securities. These regulations are related to compliance with securities and tax laws. Such adaptations will continue, but no one denies bitcoin as a digital asset. If you look at last week’s Senate, [متوجه می‌شوید] There is a broad consensus between them. The professionalism and body language of all senators showed that they generally supported bitcoin and the digital currency industry. Everyone wants good rules for digital currencies, I think legislators [در این زمینه] They have agreed.

Nothing found.

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meta-item tie-icon">October 2, 2021</span><div class="tie-alignright"><span class="meta-comment tie-icon meta-item fa-before">0</span><span class="meta-reading-time meta-item"><span class="tie-icon-bookmark" aria-hidden="true"></span> 2 minutes read</span></div></div></div></div><div class="clearfix"></div> <script id="tie-schema-json" type="application/ld+json">{"@context":"http:\/\/schema.org","@type":"Article","dateCreated":"2021-10-02T15:00:00+03:30","datePublished":"2021-10-02T15:00:00+03:30","dateModified":"2021-10-02T15:00:00+03:30","headline":"Michael Silver: The ban on digital currencies in China has no effect on bitcoin.","name":"Michael Silver: The ban on digital currencies in China has no effect on bitcoin.","keywords":[],"url":"https:\/\/partonews.ir\/en\/michael-silver-the-ban-on-digital-currencies-in-china-has-no-effect-on-bitcoin\/","description":"Michael Silver: The ban on digital currencies in China has no effect on bitcoin. - Digital currency Bitcoin News Michael Saylor, CEO of MicroStrategy and one of Bitcoin's largest investors, has said t","copyrightYear":"2021","articleSection":"Digital currency,Economical","articleBody":" \r\n Michael Silver: The ban on digital currencies in China has no effect on bitcoin. - Digital currency \n\nBitcoin News\nMichael Saylor, CEO of MicroStrategy and one of Bitcoin's largest investors, has said that banning digital currency-related activities in China will have no long-term effect on bitcoin prices.to the Report In an interview with Bill Barhydt, CEO of Micra Strategy Micro Strategy, Abra Barrydt, CEO of Digital Currency Management Abra, said he has previously been a shareholder in Google, Facebook and Twitter. He says he has not been allowed to be harassed by Chinese lawmakers in the past, and that will not happen now.Silver said: If you sold its stocks in 2010 when China wanted to block Google, Facebook and Twitter, you would lose a lot of money. Thousands of billions of dollars [\u067e\u0648\u0644] Occurs in industries that China has banned. I think China's doing this [\u062d\u0648\u0632\u0647] It is insignificant. It's kind of funny, because for the last five, six and seven years, China has banned something every three months.Last week, China announced that it wanted to outlaw almost all activities related to the digital currency industry.Documents signed by several government agencies show that the Chinese government has cited scams and illegal activities related to digital currencies as its main reason for banning activities in this area.Michael Silver says he is not worried about the long-term impact of these measures on bitcoin prices. However, he says investors who do not want to hold their bitcoin for the next 10 years should not hold it for another 10 minutes.On the other hand, he believes that the United States has a very positive approach to bitcoin.Silver said:I think if you look at the statements of the central bank or the legislators, [\u0645\u062a\u0648\u062c\u0647 \u0645\u06cc\u200c\u0634\u0648\u06cc\u062f \u06a9\u0647] They are of the opinion that bitcoin is an asset. [\u0622\u0646\u0647\u0627 \u0645\u06cc\u200c\u06af\u0648\u06cc\u0646\u062f] Bitcoin is a commodity. [\u062a\u0627\u06a9\u0646\u0648\u0646] I have not seen any legislator say bitcoin [\u0627\u0628\u0632\u0627\u0631] Digital to store value.The CEO of Microstrategy added:I think the rules [\u0627\u0631\u0632\u0647\u0627\u06cc \u062f\u06cc\u062c\u06cc\u062a\u0627\u0644] It moves towards securities. These regulations are related to compliance with securities and tax laws. Such adaptations will continue, but no one denies bitcoin as a digital asset. If you look at last week's Senate, [\u0645\u062a\u0648\u062c\u0647 \u0645\u06cc\u200c\u0634\u0648\u06cc\u062f] There is a broad consensus between them. The professionalism and body language of all senators showed that they generally supported bitcoin and the digital currency industry. Everyone wants good rules for digital currencies, I think legislators [\u062f\u0631 \u0627\u06cc\u0646 \u0632\u0645\u06cc\u0646\u0647] They have agreed.\n\nNothing found. wpDiscuzInsert \n\n\r\n","publisher":{"@id":"#Publisher","@type":"Organization","name":"\u067e\u0631\u062a\u0648 \u0646\u06cc\u0648\u0632","logo":{"@type":"ImageObject","url":"https:\/\/partonews.ir\/wp-content\/uploads\/2021\/08\/100-2.png"},"sameAs":["#","#","#","#"]},"sourceOrganization":{"@id":"#Publisher"},"copyrightHolder":{"@id":"#Publisher"},"mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/partonews.ir\/en\/michael-silver-the-ban-on-digital-currencies-in-china-has-no-effect-on-bitcoin\/","breadcrumb":{"@id":"#Breadcrumb"}},"author":{"@type":"Person","name":"\u06a9\u0627\u0631\u0634\u0646\u0627\u0633 \u0627\u0642\u062a\u0635\u0627\u062f\u06cc","url":"https:\/\/partonews.ir\/en\/author\/admin\/"},"image":{"@type":"ImageObject","url":"https:\/\/partonews.ir\/wp-content\/uploads\/2021\/10\/1633424164_Michael-Saylor.jpg","width":1200,"height":510}}</script> <div id="share-buttons-bottom" class="share-buttons share-buttons-bottom"><div class="share-links icons-only share-rounded"><div class="share-title"> <span class="tie-icon-share" aria-hidden="true"></span> <span> Share</span></div> <a href="https://www.facebook.com/sharer.php?u=https://partonews.ir/en/michael-silver-the-ban-on-digital-currencies-in-china-has-no-effect-on-bitcoin/" rel="external noopener nofollow" title="Facebook" target="_blank" class="facebook-share-btn " data-raw="https://www.facebook.com/sharer.php?u={post_link}"> <span class="share-btn-icon tie-icon-facebook"></span> <span class="screen-reader-text">Facebook</span> </a> <a 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