> At its core, the current cryptocurrency craze is simply an unprecedented wealth transfer to China from the rest of the world. Actually it's a wealth transfer

> At its core, the current cryptocurrency craze is simply an unprecedented wealth transfer to China from the rest of the world. Actually it's a wealth transfer from china to the US. The chinese are using bitcoins as a means to evade CCP capital controls. There's a reason why china cracked down on bitcoin. Do you think china would stop wealth transfer to china? Of course not. They are trying to stop wealth transfer from china to the US.