Are Chinese people playing in the currency circle? is that true?

The currency circle is commonly known as the field of cryptocurrency, covering cryptocurrency transactions, investment, technology development, community discussions, laws and regulations, market analysis, etc. With the gimmick of high return on investment, it has also attracted more and more people. More and more people are joining the currency circle, and even many people around them are participating in the currency circle market. This also makes many people wonder whether the currency circle is only played by Chinese people? In fact, it is not just the Chinese who are playing, people from almost all countries around the world are participating. Although the Chinese were the largest group in the currency circle before, is it true that all Chinese are playing in the currency circle? I cannot agree with this issue, so I will explain it in detail below.

Are Chinese people playing in the currency circle?

Of course, there are about 300 to 500 million people involved in cryptocurrency transactions worldwide, of which China accounts for about one-tenth. Although Chinese investors play a key role in the cryptocurrency market, the cryptocurrency market is global, attracting investors and participants from all over the world.

In terms of quantity, it is definitely China with more people, and in terms of capital, it is definitely Europe and the United States.

The bookmakers are concentrated in Europe and the United States, and the leeks are concentrated in China. The following is 22 years of data:

Triple A report shows that there are currently 320 million cryptocurrency holders in the world, among which the top five countries are the United States (46.02 million, population accounting for 13.74%), India (27.41 million, population accounted for 2.00%), Pakistan (26.45 million, population accounted for 11.50%), Nigeria (22.33 million, population accounted for 10.34%) and Vietnam (20.21 million, population accounted for 20.27%). China ranks sixth with just over 20 million users. In addition, 72% of crypto users are under the age of 34, 71% have a bachelor’s degree or higher, and the average annual income reaches $25,000.

The data does not reflect the real situation. Most Chinese people who speculate in currencies are now counted as European and American.

There are three main reasons why people have this idea. The following is a specific analysis:

1. Large population:

China has a huge population, part of which invests Investors have shown great interest in cryptocurrencies.

2. Technical strength:

China has strong strength in the field of technology, and many cryptocurrency projects and blockchain companies originate from China.

3. Policy and supervision:

Although the Chinese government has implemented a series of restrictions and regulatory measures on cryptocurrency, the Chinese market is still active and investor demand for cryptocurrency still exists.

Is it true that the currency circle is dominated by Chinese people?

It is not true that the Chinese people are playing in the currency circle. The cryptocurrency market is a global market. Although Chinese investors have a certain influence in the cryptocurrency market, it cannot be said that the currency circle is all played by Chinese.

In the currency circle, people may talk about different cryptocurrency projects, market trends, price fluctuations, news events, technological innovations, investment strategies, etc. The currency circle is also a vibrant and innovative community, attracting people from different backgrounds and fields, including investors, developers, researchers, media people, etc.

One of the characteristics of the currency circle is its high degree of decentralization and openness. Anyone can join and participate in it. At the same time, the currency circle is also facing some challenges, such as regulatory uncertainty, security risks, market fluctuations, etc. Therefore, participants in the currency circle need to remain vigilant, treat the market rationally, and make wise decisions.

Although China used to be one of the countries with the largest cryptocurrency trading volume in the past, after the introduction of a series of regulatory policies, the Chinese government restricted the trading and trading platform activities of cryptocurrency, causing some Chinese investors to Turn to overseas exchanges for trading. However, even outside of China, there are investors and exchanges from many other countries around the world participating in the cryptocurrency market.

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