Seven years ago, Yao Qian was in charge of digital currency at the central bank and publicly criticized Bitcoin multiple times, believing that Bitcoin is a private currency without a value anchor, thus being speculative trading.

Seven years later, Yao Qian is under investigation as the former Director of the Technology Supervision Bureau of the China Securities Regulatory Commission, being reported for 'using virtual currency for power and money transactions.' It is said that he accepted bribes not in RMB, but in Bitcoin.

Seven years ago, a Bitcoin was worth about $15,000, and now it is just a step away from $100,000...

On one hand, it is lamentable that Yao Qian, as an expert in digital currency, truly recognizes the value of Bitcoin; if Bitcoin had a legitimate source, he would have made a fortune. But now it is being used to calculate the amount of bribery for sentencing, which can be seen as reaping what one sows.

On the other hand, as a government official, Yao Qian publicly criticized Bitcoin based on his official duties, yet accepted bribes in Bitcoin, truly a typical two-faced person! #ETH市场新动向 $BTC