Bitcoins are all going to Hong Kong. Because China does not recognize Bitcoin (or other virtual currencies), but Hong Kong does. So it is not strange that many Hong Kong companies hold Bitcoin. Seven or eight years ago, domestic virtual currency companies were still trading or mining publicly or semi-publicly, and they all used the names of technology companies. But now they are almost extinct. It’s not that they have gone bankrupt, but most of them have moved to Hong Kong. These companies are constantly moving, from the earliest mainland, such as Guizhou, which is rich in electricity resources, to Dongguan, and then to Hong Kong. Several virtual currency companies I know (the names they use to the outside world are all technology companies and data storage companies) have been relying on selling equipment (such as hard drives) to maintain operations in recent years. In short, there is no market for Bitcoin in China, and fewer and fewer people are speculating. But some special groups still hold a large number of Bitcoins (those who understand will understand). Finally, except for the top 5 virtual currencies, which are relatively reliable, the others are almost all fake, and the data can be manipulated in the background. #BTC #bnb #sol #Cryptocurrency