Bitcoin has seen the value of rocking like a rock for almost a week, the "people's coin" on Friday and Saturday rebounded, gaining 12% within 24 hours.
The same course was followed by other crypnoplasms. Ethereum also had profits of around 12%, while Litecoin went up by 19%.
The development should be welcomed with relief from investors of cryptosmods, especially from those who bought at higher than existing prices, before China closes ICO (Initial Coin Offerings). But did the worse go? Will cryptosnotes be able to regain $ 5,000 levels without China?
Stelian Balta, founder of HyperChain Capital, believes yes.
"If we look at Bitcoin or Ethereum from a technological point of view, the news is not bad, some will continue to want to get them, while some developers will continue to create codes and new projects." Digital capital is a global phenomenon. its ecosystem is still at its beginning, "he says.
Balta also has the cryptobonds to survive, but they will grow even without China. "I am very optimistic about the global digital capital market," he says. "Digital capital can be seen as a commodity for which there is supply and demand." Indeed, demand is on the rise, China is a big market and the move to shut down ICO has a negative impact on prices but on short- horizon, but digital capital is a global phenomenon, and big online gossips such as Google and Facebook have been excluded from China, but their jobs are doing well, "he added.