pollywog on Nostr: "China declaring digital assets a legal property protected by law is an "earthquake ...
"China declaring digital assets a legal property protected by law is an "earthquake that could hit the #Bitcoin price," per Forbes"
This plays into my thesis - there is a national game in play. China owns gold through its citizens and will own BTC the same way. The USG is working with BlackRock to do something more insidious - get Americans to buy BTC with their $s through an ETF. So, the US will own BTC through its citizens who hold paper shares of a BlackRock trust. They will try to lock up as much as they can to destroy BTC as a monetary asset.
This plays into my thesis - there is a national game in play. China owns gold through its citizens and will own BTC the same way. The USG is working with BlackRock to do something more insidious - get Americans to buy BTC with their $s through an ETF. So, the US will own BTC through its citizens who hold paper shares of a BlackRock trust. They will try to lock up as much as they can to destroy BTC as a monetary asset.