Cryptos Crash After China Again Vows Crackdown On Mining And Trading | ZeroHedge

What is even funnier is that a month ago Peter Thiel grabbed headlines with his laughable conclusion that bitcoin was helping China to end the reserve status of the dollar and was a “Chinese financial weapon”. How about now, Peter, is China’s crushing bitcoin to boost the dollar? Inquiring minds want to know.Incidentally, a cynical take of this report is that it is great news as it means no more dirty coal bitcoin mining in Xinjiang. How will the ESG cult bash bitcoin if there are no more coal-fired plants generating the electricity for Chinese miners?

Source: Cryptos Crash After China Again Vows Crackdown On Mining And Trading | ZeroHedge

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