I would rather lose on cryptocurrency than go back to the A-shares to cut leeks for the country.
三藏风向标
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China Draws Its Sword Against Bitcoin: Xinhua News Agency's Article Targets and Confronts Trump and Musk's Cryptocurrency Plans
Introduction: At a time when the Trump administration strongly supports Bitcoin, a commentary from Xinhua News Agency acts like a breath of fresh air, directly addressing the financial risks behind the Bitcoin surge in the United States, which is seen as the prelude to China's attack on Bitcoin and other cryptocurrencies.
Main text: On December 6, a commentary article by Xinhua News Agency reporter Su Liang ('The Financial Ecology and Risks Behind the Bitcoin Surge') drew wide 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 include Bitcoin in the national reserves, intending to create the 'seventh largest asset'.