I posited that ultimately China and BTC are a natural fit, as it provides an unofficial way for China to unwind its USA dollarisation, surplus / debt issue, in a manner that is very hard for the US to take action in any fora about.
Nah that seems completely ridiculous to me. It makes sense at first glance, but look at the numbers and it doesn't hold up for a second. (Compare the entire worth of bitcoin to China's GDP. )
As of me writing this, China's debt is somewhere around 5.3 trillion dollars USD. Bitcoin today, in fiat usd terms, was at around 6.5 billion dollars. You can't compare China's state economics with bitcoin, or federal U.S gov economics with bitcoin, the scales aren't even close to being related.
