Those who spread the rumor on Twitter that China will soon open up BTC trading are either stupid or bad.
Let me make it clear: China will never open up and support cryptocurrencies as long as the current social system is in place.
For financial stability, the country has spent a lot of time and energy to establish its own internal circulation currency system. Funds cannot flow in and out freely, sacrificing a certain degree of freedom and flexibility, but also avoiding being harvested by the Americans. In this round of interest rate hikes, the ugly country harvested the whole world with monetary policy, but it couldn't find the rabbit. The economy is 100% for politics, and a strongly centralized, intranet-based monetary policy is suitable for my country's national conditions.
Are you kidding me by releasing decentralized currency?
