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China says bitcoin is good investment. US must follow to compete with them now!

[https://www.investing.com/news/cryptocurrency-news/bitcoin-is-an-alternative-investment-chinese-official-says-2478531](https://www.investing.com/news/cryptocurrency-news/bitcoin-is-an-alternative-investmentchinese-official-says-2478531)



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  1. China literally is dumping all their Bitcoin mining rigs due to new energy laws that prohibit mining in their country… that’s why Bitcoin is being sold by the millions

    In recent days, many Chinese Bitcoin miners have shut down their operations causing BTC’s hashrate to crash by 46.73%! They are rushing to dump all of their BTC to buy gold causing a huge increase in the Chinese gold premium above U.S. gold prices. Chinese gold demand from BTC miners who have shut down operations is so strong that the government is allowing 150 tonnes of gold to be imported into China despite the country already being the world’s largest producer of gold! Many Chinese citizens believe that the Chinese government will soon be launching a gold-backed digital currency.

    They aren’t saying Bitcoin is good to invest in…

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