Massive opinion shift in China: a court in Shanghai declares Bitcoin to be private property. This is likely to lead to accelerated adaptation and to international competition between countries for the best and scarcest reserve asset.
#China #bitcoin #soundmoney
Oh my god. This would end Chinese capital flow into real estate.
There's a LOT of private Chinese capital flowing into real estate that could flow into Bitcoin.
This is huge news.
That will lead to a massive shift, great news in the long term. But a downside could be an imploding property market in China which they have to ( and will) compensate.
