why does China no longer believe in cryptocurrencies? Can the Chinese still access the world of crypto with a VPN? Can someone explain this to me better?
冰沸
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China Missed Bitcoin, While the U.S. Goes All In
In the past few years of the global crypto wave, China's attitude can be summed up in four words: cautious yet distant.
From the early crackdown on mining and banning exchanges to the later stance of "blockchain does not equal Bitcoin," we have been applauding technically while shaking our heads at applications. Watching others turn Bitcoin into a financial weapon and a national strategy, we closed our doors and entertained ourselves with our own "digital yuan."
On the other hand, the U.S. is going all in on Bitcoin.
With the large-scale approval of ETFs, Wall Street giants like BlackRock and Fidelity are desperately building positions; presidential candidates openly call for "protecting Bitcoin"; even the Federal Reserve is studying the incorporation of crypto into a formal regulatory framework. This is laying the groundwork for the future "Dollar 2.0," using Bitcoin to inherit the next financial hegemony.
You might think they are speculating on coins, but in fact, they are laying the foundation for the next era of the "financial internet." And what about us?
Talent is flowing to Singapore, Hong Kong, and Dubai;
Companies are going overseas to survive, while the industry blossoms outside the wall;
The entire market is cut off from us by the "firewall," leaving us as mere "spectators."
Bitcoin is not a scam; it is the starting point of a new generation of asset systems.
Today's Bitcoin is no longer the "speculative product" of grassroots traders but an "asset anchor" recognized by nations, capital, and Wall Street. This is not just a victory for one coin; it is a shift in the rules of an era.
China did not lack opportunities; it simply chose to avoid risk. The U.S. did not lack risks; it simply chose to bet on the future.
When the day comes that we wake up, we may find that: What we missed may not only be the rise of an asset, But also the dominance of a new financial system.
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