China banned Bitcoin because it gave Chinese people a way to move money that the CCP couldn't control. Nothing to do with electricity.

Fred Lambert
@FredLambert
12-14
China doesn't like Bitcoin because it understands that it burns the base layer of the economy: electricity.
Meanwhile, the US is embracing it and doesn't deploy nearly as much new power.
China simply realizes that electricity powers everything from industries to AI and using it x.com/TrendingBitcoi…

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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