Always love seeing "Would Mao Hold Bitcoin" out in the wild
Discussion
Curious if you’ve seen this chart and what you think about China trying out a gold backed currency. Do you think they’ll replace CNH with such a currency?
And given how dominant they are in producing ASICs and their enormous energy production push whether or not they’d have parallel systems (ie. gold and bitcoin) for settling international trade or if they’re more likely to go all in on gold.
I feel like China is going all in on gold, because they want to hedge from the American-based system, and see gold is the only way. There's no way the central bank at least will touch Bitcoin as it stands, it's been the one org that has long-standing warned and moved the Chinese system against BTC as early as 2013.