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/biz/ - Business & Finance


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24351008 No.24351008 [Reply] [Original]

Sucks that the US and China are weaponizing Bitcoin in their economic war.

>> No.24351017

What is China doing with Bitcoin?

>> No.24351040

>>24351017
China seized 1% of the total bitcoin supply, just like the FBI recovered billions in old silk road coins. That plus the conveniently timed fud is more than a coincidence.

>> No.24351095

>>24351040
Are they both against crypto? I thought China was pro crypto and the US was mostly anti. Also how does the seizing of a ponzi scheme mean that they are "weaponizing" crypto?

>> No.24351158

>>24351095
If Bitcoin will become as big as many people are starting to think they'll be looking to either suppress it or gain as many coins as they can. I don't think they'll just accept the threat of the other controlling the vast majority of this new resource. I wonder if they'll start manipulating the price more openly now.

>> No.24351265
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24351265

>>24351158
Not gonna happen.

>> No.24351282

>>24351265
It's not unthinkable for bitcoin to have a fraction of the market cap of gold. It's absolutely possible.