China Cronies Fear Bitcoin

Sun Tsu cc

They’re in good company. The banking cronies here fear Bitcoin too.

(From Newsmax)

The Chinese government needed to clamp down on BTC before it gained enough momentum to threaten the government’s monopoly on currency. After all, if BTC became a medium of exchange for economic transactions, the Chinese renminbi would lose market share and China would lose the power and influence to manipulate their people and their destiny.

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