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RE: Steem ranks as second best blockchain in the world according to Chinese Government!
well the chinese have to pay a high price for the electricity waste of bitcoin, they cant be friendly on it.
well the chinese have to pay a high price for the electricity waste of bitcoin, they cant be friendly on it.
That is a very good point. It scored very poorly in the technology section. I would imagine that is part of that.
Plus they're sitting on a stockpile of USD. They'd rather other things be disrupted before currency.
Much of that in the form of U.S. Treasuries. I would not be at all surprised to see them slowly unwind that position. Maybe not by dumping them and causing a bond collapse, but rather by just not buying a bunch more and letting what they have mature.