Bitcoin Bounces Back As Fans Remind You That China Banned Google In 2010

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While the tech heavy Nasdaq hit a record high, Wall Street investors seemed keen to purchase Bitcoin again after it had briefly dipped below $30,000 for the first time since the start of 2021.

At the time of writing, the world’s biggest cryptocurrency by market capitalization is trading near $34k after having risen up to $34k earlier. Ethereum breached through $2,000 again.

Nasdaq ends at record high as Big Tech companies roar back https://t.co/5dryGkyJO9 pic.twitter.com/xlXoKBgxrY

— Reuters (@Reuters) June 22, 2021

China tried to ban Google

Remember there is always a silver lining. Although the current price movements of Dogecoin, Bitcoin, Ethereum and many other altcoins may not be what you had hoped for, there is still reason to smile. Bitcoin for example is still trading at around $30,000, a level we could only hope for around this period in 2020. Ethereum has tripled in value in 2021 alone and at the beginning of this year, Dogecoin was trading for 1 cent or less.

China banned Google in 2010…#bitcoin pic.twitter.com/othsED1Qg6

— Paul Knight 🌞 🌑 🌎 🟩 (@PLK5280) June 21, 2021

Furthermore, for all the talk of how China aims to bury Bitcoin, crypto enthusiasts are keen to remind you that (back in 2010) when they wanted to promote Baidu (the Chinese search engine controlled by the government), they first has to censor Google as well. The stock of Google reacted by multiplying many times over since.

Ten years on and in order to promote their own E-Yuan (the digital Renminbi if you will), China is pulling out all the stops and tries to get crypto enthusiasts who were eagerly trading Bitcoin in the Middle Kingdom to switch to a currency they can control instead.

Bitcoin maximalists who are used to major price shifts claim that China will be the loser in the end as they are prepared to HODL.

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