The first BTC halving saw a 92x increase in 12 months.
The second brought a 29x increase in 17 months.
The third led to a 7x increase in 17 months.
How long do you think it’ll take after the fourth halving to hit the next peak, and what price will it reach?
#btc
This means China choose to give up free capital flow, and it has to control capital flow. If China allow capital to flow out through crypto, it will eventually break one of those two goals that it is focusing on.
Why China ban crypto while US not?
Impossible trinity, also known as the open economy trillema. Any economy can only choose to pursue one or two of the three goals: free capital flow, fixed exchange rate, sovereign monetary policy.