Commentary The Chinese Communist Party’s (CCP’s) decision to ban bitcoin should have surprised absolutely no one. Imagine if turkeys ruled the world. Would anyone be surprised if they decided to ban Thanksgiving dinner? Of course not. As a decentralized, digital asset, Bitcoin posed a direct threat to Beijing’s own digital currency, the e-CNY. In reality, Bitcoin is much more than a digital asset. It’s a movement, a challenge to the status quo, a digital, decentralized protest. Anyone familiar with Chinese history knows how the CCP replies to protests. Rapidly and violently. In a recent interview with Epoch TV, Kyle Bass outlined the dangers of the CCP’s new currency. Imagine a currency that knows everything about you, warned the founder of Hayman Capital Management, including “your birthday, your social security number, where you live” and your buying behaviors. Now, imagine all of this information in the hands of the CCP. In many ways, for citizens of China, it already is. However, …
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