Chinese Investors Shun Blockchain

[Marina Schwarz + 1,576]

Chinese Investors Have Lost Their Faith in Blockchain... while others continue to swear by it. I'm confused.

[shadowkin + 584]

Ever since bitcoin was introduced in 2008 Chinese investors should have been wary and if they weren't prepared to lose all their investment they had no business investing in cryptocurrencies. The Chinese Communist Party will always retain the prerogative to confiscate any Chinese possessions for any reason especially if they feel that person is a threat to their rule. It's doubly true with cryptocurrencies since they may one day replace or dominate fiat money and because of its anonymous features. Control of currency is one way governments control people and the CCP isn't going to give that up without a fight.

Hell, even Western governments and their banker masters have attacked cryptocurrencies since they also fear loss of money and control.