Recently, I have been fantasizing that China will liberalize cryptocurrencies.

Let me first say the conclusion: it is impossible.

Some people say that Hong Kong's opening of Bitcoin ETF is a pilot project to prepare for China's liberalization.

You should know that in terms of cryptocurrencies, Hong Kong has been more and more liberal over the past decade, while the mainland has been more and more resistant, and has never referred to Hong Kong's policies.

And we have a completely closed amount policy. The policies of a certain country can neither retain talents nor money, so they force limits to prevent outflows. If you don't believe it, try transferring 10,000 RMB to the United States. It is basically impossible.

Once cryptocurrencies are liberalized, funds will be converted into cryptocurrencies and flee crazily, and the financial system of a certain country will collapse.

If there is no earth-shaking change, it is impossible for a certain country to liberalize cryptocurrencies.