Chinese investors have recently become skeptical about investing in Bitcoin. Wan believes that local users in China are still dominating Bitcoin mining. Primitive Ventures’ Dovey Wan, who also holds a deep understanding of China’s financial market, recently commented on the country’s significant local crypto supply. While speaking on the Binance Podcast, Wan said: “Probably over 70 to 80% hash rate are actually being produced here in mainland China.” The primary reason behind this is the fact that local users dominate the Bitcoin mining landscape. However, Wan conceded that Chinese investors are very wary about investing in Bitcoin. She feels that there will be increased involvement from China when Bitcoin returns to the $20,000-range While talking about her recent investments, Wan adviced: “Definitely ask yourself like what are these things can outperform Bitcoin in about three to five years time frame. If you can answer that question yourself, then pull the trigger.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold consolidates below recent highs as risk appetite returns FX Street 4 years Chinese investors have recently become skeptical about investing in Bitcoin. Wan believes that local users in China are still dominating Bitcoin mining. Primitive Ventures' Dovey Wan, who also holds a deep understanding of China's financial market, recently commented on the country's significant local crypto supply. While speaking on the Binance Podcast, Wan said: "Probably over 70 to 80% hash rate are actually being produced here in mainland China." The primary reason behind this is the fact that local users dominate the Bitcoin mining landscape. However, Wan conceded that Chinese investors are very wary about investing in Bitcoin. She feels… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
