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RE: Bitcoin crashes to $3750 (-10%) while the US debt surpasses $20 trillion
Ummm. What are u smoking. If the chines exchange are being removed the supply stays the same and demand is reduced. Less people buying bitcoin = less demand.
What novel economic theory says that reducing (banning) trading of bitcoin in China will drop price?
Demand stable, supply reduced.
Perhaps a short setback, but the underlying driver of demand (devaluing yuan and capital flight) doesn't go away.