The end of "China vs. Bitcoin"?

The end of "China vs. Bitcoin"?

By Gaia ❤ | Girl on a Hot Tin Crypto | 21 Sep 2021


In recent months the Chinese government has decided to attack Bitcoin, it has stopped its growth but now the Chinese government itself is facing the "Evergrande" case.

The question I ask myself is whether the two episodes are related. Let me explain: the attack on Bitcoin was carried out as the cryptocurrency sector drained liquidity into the real Chinese economy, liquidity that has escaped the control of the Beijing government. Liquidity that is now in immediate need. Furthermore, in a country where the state intervenes very decisively in the economy, it seems strange that no one in the "upper echelons" knew of the impending collapse. 

Now to avoid the “too big to fail” and risk triggering a global economic crisis at a time when China 🇨🇳 is facing a trade war with the US 🇺🇸, it will be forced to print large amounts of money, creating inflation.

At the moment the only tool to stop inflation in a decisive way is Bitcoin $BTC. Digital gold reserves could make a difference in the future.

Will Beijing's economists decide to go back and invest in it or have they actually never stopped doing it? 

I am not an economics expert and I am asking myself some common woman questions. What do you think?

 

XOXO

Gaia ❤️

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Gaia ❤
Gaia ❤

Yes I'm a Girl, Yes I love crypto! I have no Twitter. No financial advice in my posts. XOXO


Girl on a Hot Tin Crypto
Girl on a Hot Tin Crypto

Hello everyone, I'm Gaia and I'm new to crypto. I will write about my adventures in this world!

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