Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Sep 7, 2023
Since 2021 (when the major Chinese exchanges all ceased operations in Mainland China), Chinese retail’s capital flows into the crypto capital markets have collapsed. However, in Sharpe World, financial institutions play the odds on the probabilities of death and engage in risky activities all the time. Your retirement plan is managed by a public or private pension fund filled with Sharpe World denizens. The US is very keen to prop up Sharpe World because it is the greatest beneficiary of Sharpe World’s existence. The PBOC can do this trade because of the large amount of USD assets China has at its disposal.
