Economy / FinanceRomeo Full Staff

Wealthy Chinese Activate Financial Escape Plans, Why this is Good News for Bitcoin

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Wealthy Chinese Activate Financial “Escape Plans” Terrified Of Xi’s Coming Reign Of Terror, And Why This Is Good News For Bitcoin BY TYLER DURDEN TUESDAY, OCT 25, 2022 – 10:25 PM Back in September 2015, more than seven years ago, when bitcoin was trading around $225, and just after China had stunned markets with its (relatively modest) yuan devaluation, we made a modest prediction: In summary: while China is doing everything in its power to not give the impression that it is panicking, the truth is that it is one viral capital outflow report away from an outright scramble to enforce…

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