- Jul 1, 2001
China seems to be cracking down on it... again.The inevitable with digital currency seems to at least partially be happening.
It's hilarious because normally with stocks and equities you can ask simple questions in life such as "Why did the stock go up today?" and "why did the stock plummet today?"
Normally you have answers like "They had a huge salmonella outbreak in their food and it's going to require a ton of clean-up and public scrutiny, resulting in a drop in sales".
Can anyone give a rational answer for Bitcoin massively going down other than Elon Musk tweeted something?
This seems to be a recurring thing, though. It's not really new information that China doesn't like anything that competes with their state run economic system.