BitMEX Blog

The Western financial system supports the world’s reserve currency, the US dollar. Obviously, if they abuse this privilege, a new currency and financial system will emerge to challenge the corrupt ancien régime. Think of Bitcoin and crypto as the natural reaction to the profligacy of the USD-based Western financial system. And when the acolytes of the Western financial system disperse from the financial capitals of New York and London, they bring their look and behaviour with them. The Western financial system offers the same old thing in the same old package, but China has a different message.