This is an excellent video.

The Chinese are one of the largest, if not the largest, miners of bitcoin. There is no way under the sun that they are going to crush this gold mine. China is a country that doesnt have many natural resources. Hence, crypto is a windfall for them.

While China has well over 1B people, the truth is only 150M people or so are living in a non-impoverished state, an amount less than 1/2 the population of the US. The true nature of this impact isnt as big as people make. Besides, many ICOs are scams and garbage anyway.

What is interesting is to see how China, while communist, is still under the thumb of the international banksters. They are the ones driving the pust to regulate (read control) the crypto world. It is natural for them to see the value...and the threat. Those greedy bastards want to get their hands all over it and prevent the average person from really profiting from it.

Thank you for posting this.