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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (169410)	3/12/2021 8:58:50 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217618

I believe and have always believed that Bloomberg is suspect as far as reporting on China China China is concerned I reckon Digital RMB shall be good for BTC, because as Digital RMB shall be money-good in Macau and Hong Kong at the very moment of get-go, in the casinos and on the betting exchanges, and as BTC is money-good in both Macau as well as Hong Kong, so there is a natural on-/off-ramp for money w/i China Mainland and monies outside of China Mainland, just as there be for the Venezuelan Petrol digital currency, w/ same on- / off- to BTC, making the BTC a good place to be stationed w/ troop concentrations Ethereum might or not be a glue between whatever and whatever else, BTC is definitely a glue between many monies. Remember several facts, that (i) whereas China makes crypto exchanges illegal, still broadly okay w/ BTC mining, for it allows folks to turn China electricity into economic sustenance (ii) the Chinese authorities cannot be sure that BTC does not aid adoption of Digital RMB and is actually not concerned about the paltry leakage of capital from China to elsewhere (it is a natural result of economic growth, reform, and of stability), so BTC should be okay with China even as Inner Mongolia might mouth-off about crypto mines due to its energy target shortfall, and not result of monetary anything (iii) Driving the mines to other provinces is a good thing, as the mines seek the most efficient operating environment is a good thing scmp.com