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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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frankl
marcher
To: Julius Wong who wrote (167020)1/13/2021 1:57:18 AM
From: TobagoJack2 Recommendations  Read Replies (1) of 217842
 
one issue that GBTC / BTC has that gold has less of is that ~>50% of all btc miners are in China domain, and

in the case of deliberate sanctioning at some strategic juncture, am wondering how and what team china can and might do to instil absolute terror in the currency that is driving an all-American bubble

I do not know how the decision w/r to BTC is made, governance-wise, but it might have something to do w/ the >50% of miners voting

if so, the darling of Team USA speculation, BTC, might entirely be at the pleasure and dispensation of the CCP

as China outlawed the trading of BTC but remains busy in the mining, as in the case of a lot of exports, the equation might get complicated at some less convenient or even inconvenient time

IOW, BTC might just become a national security issue
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