Can you believe that more than 70% of people who play Bitcoin are in China? The latest ranking of global cryptocurrency exchanges is:
First place: Huobi (China)
Second place: OKEX (China)
Third place: Binance (China)
Fourth place: coinbase (United States)
More than 70% of Bitcoin mining farms in the world are in China.
The largest Bitcoin mining farm in the world is also in China.
The strongest mining machine in the world was invented by the Chinese.
The world’s first ASIC mining machine “Avalon” was invented by the Chinese.
The second person in the world to create an ASIC mining machine is also a Chinese.
The world’s most influential ant mining machine was also created by the Chinese.
The Chinese are the most enthusiastic people in the world for mining and trading Bitcoin.
The Chinese took the lead in making Bitcoin mining a big business.
It only took the Chinese two years to increase the total computing power of Bitcoin by 12,000 times.
From the advent of Bitcoin, it was more like an interesting and cheap toy before the Chinese joined. But with the addition of the Chinese, the fate of this toy was completely changed.
- There are basically two types of bitcoins held by players. One type is super believers. The bitcoins are kept in their own separate wallets. The second type is purely speculative. They basically don’t know how to save them, but only keep the coins. Put it in the exchange. The first type of players is an absolute minority, and most of them are global players, so just look at the Chinese exchange.
- Secondly, because it clearly refers to Bitcoin, small exchanges can basically be ignored, because most players on small exchanges do not buy Bitcoin. So just look at the big exchanges.
Which major Chinese exchanges do you look for? Obviously look at Huobi and Okex. So we only need to look at the number of Bitcoin addresses in Huobi and Okex, because each user has his own deposit address on the exchange.