China has an insane amount of bitcoin and is what led to the huge spike in 2017. They are currently developing the digital Yuan and it will allow China to trac

China has an insane amount of bitcoin and is what led to the huge spike in 2017. They are currently developing the digital Yuan and it will allow China to track every single transaction, making taxes completely transparent, fraud much hard and a general huge power grab for any government. (No under the table work, no nontaxable work, complete financial history of all citizens). Albeit they'll have to ban paper currency but there's huge value in having power over your populace, and thus is where crypto derives it's value.