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三藏风向标
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China Takes a Stand Against Bitcoin: Xinhua's Article Strikes Back Against Trump and Musk's Cryptocurrency Plans
Preface:
At a time when the Trump administration supports Bitcoin, an article from Xinhua News Agency serves as a refreshing perspective, directly pointing to the financial risks in the U.S. behind the Bitcoin surge, which is seen as the beginning of China's counterattack against Bitcoin and other cryptocurrencies.
Main Text:
On December 6, a commentary article by Xinhua reporter Su Liang ('The Financial Ecology and Risks Behind the Bitcoin Surge') attracted widespread attention.
The article reveals the Trump administration's favor towards Bitcoin and the political and economic motivations behind it. Trump not only appointed Musk's confidant David Sacks to oversee cryptocurrency affairs at the White House but also plans to incorporate Bitcoin into the national reserves, aiming to create the 'seventh largest asset.'
At a time when the Trump administration supports Bitcoin, an article from Xinhua News Agency serves as a refreshing perspective, directly pointing to the financial risks in the U.S. behind the Bitcoin surge, which is seen as the beginning of China's counterattack against Bitcoin and other cryptocurrencies.
Main Text:
On December 6, a commentary article by Xinhua reporter Su Liang ('The Financial Ecology and Risks Behind the Bitcoin Surge') attracted widespread attention.
The article reveals the Trump administration's favor towards Bitcoin and the political and economic motivations behind it. Trump not only appointed Musk's confidant David Sacks to oversee cryptocurrency affairs at the White House but also plans to incorporate Bitcoin into the national reserves, aiming to create the 'seventh largest asset.'
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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