They should instead put bullets in the heads of the communist party elite.
Dunno about Bitcoin, but Wall Street is exploding higher after Jin Ping Xi was “elected” to 3rd term. I assume lots of Chinese money is responsible.
Ping!to the FR Crypto ping list!
I own no crypto, but Ethereum seems more innovative and more responsible. They claim they are able to cut down mining electricity expenses drastically. BitCoin looks like old hat.
$1,480.42 price for Ethereum today. It is easier to buy a few “coins” than with Bitcoin
Bttt
If I were Chinese, I’d be seeking to move myself and as much of my wealth as I possibly could offshore. The 4 big state banks have so much by way of toxic assets on their books, there can’t help but be an almighty crash once the real estate bubble fully bursts - and its already showing signs that the CCP can’t contain it much longer.
That’s on top of Winnie the Pooh setting himself up as dictator for life. He’s already shown he won’t hesitate to tank their economy to exercise his control. Crypto is one of the best ways of moving money quickly and relatively easily.
Xi's not stupid... he'll have the boot ready - rough having so many issues with world leaders at the same time... Putin and Xi making broad aggressive moves, and Biden a babbling fool. Not comforting.
Bitcoin is always in the blockchain, it can't be just on an "unobservable flash drive". Nobody keeps private key seeds on flash drives anyway since the passphrase can be on paper or stored anywhere in email, cloud etc. Also flash drives are observable. Also the article doesn't address the point that bitcoin is illegal in China.