The Pomp Letter
The Pomp Letter
China Hates Bitcoin...Not Surprising
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China Hates Bitcoin...Not Surprising

To investors,

The western world woke up to breaking news that China has outlawed all cryptocurrency transactions, along with officially making bitcoin mining illegal within the country. The hysteria of one of the world’s largest, and most populous nations, banning these technologies should drive the price significantly lower, right?

Wrong. Bitcoin is only…

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