What are your thoughts on China's (rererererere)ban of BTC?
On face value, China is top 2 in consuming, top 2 in GDP. All being barred from buying I've seen a lot of "nothing burger" replies, how exactly is one of our biggest trade partners against it so much in your thoughts? I know our current president is massively for crypto obviously, but could later presidents and law makers have these same tools to shut it down one day? As of now honestly crypto could go to 0 and the major players of America are unscathed mostly, but with years of integration that window would shrink one would think. And lastly out of the shower thoughts, what's in it for China to ban it? I know I'm gonna get Alot of blanket statements of how it's communist etc, but I'm talking pros and cons why. You can be a communist who likes Bitcoin and doesn't have to oppose it. submitted by /u/itsthedollarB [link] [comments]
On face value, China is top 2 in consuming, top 2 in GDP. All being barred from buying I've seen a lot of "nothing burger" replies, how exactly is one of our biggest trade partners against it so much in your thoughts?
I know our current president is massively for crypto obviously, but could later presidents and law makers have these same tools to shut it down one day? As of now honestly crypto could go to 0 and the major players of America are unscathed mostly, but with years of integration that window would shrink one would think.
And lastly out of the shower thoughts, what's in it for China to ban it? I know I'm gonna get Alot of blanket statements of how it's communist etc, but I'm talking pros and cons why. You can be a communist who likes Bitcoin and doesn't have to oppose it.
[link] [comments]
