CHINA IS TAKING A STAND AGAINST CRYPTOCURRENCIES: I’m clear about it!
Look, the deal is that China is really fiery against cryptocurrencies, and this includes $BTC. This is serious: it is now a crime for any Chinese person to hold crypto, that’s how strong it is! And the most curious thing is that China, with all this fuss, is the second country with the most Bitcoin in reserves, almost 194,000 BTC! It’s something to think about, right? Hypocrites 😒
All of this comes because the Chinese government wants to have total control over money and forcibly introduce its digital currency, the digital yuan. With this currency, they can see every transaction and even freeze the money if they feel like it. Obviously, this directly clashes with Bitcoin, which is free and doesn’t answer to anyone.
But beware, it’s not just that. China is also heavily investing in quantum computing. This is a serious issue because quantum (according to experts) could potentially break the security of cryptocurrencies in the future and, in the process, the entire financial system. Imagine if they could decode everything that protects your bitcoins, it would be chaos!
In the end, the war between China and Bitcoin is not just about money. It’s a fight over how we will handle finance in the future. China wants to have everything under its thumb, with centralized control.
Bitcoin, on the other hand, bets on total freedom and decentralization. It’s a strong pulse that affects us all, don’t you think?
