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Well they are shitcoins in the sense that they're bad investments lol. There is no line between company and state in the fascist dictatorship of China. As far as I'm concerned, China bought a lot of this debt. I feel like I have to think about what that means, what the CCP is planning, and what I should do in response and of course what we all should do in response.
Yeah this is a tough one. Bukele for better or worse is one of the boldest leaders I've ever seen, and you feel it can all go sideways in a moment. He never shitcoined which I guess says something. He survived a complete collapse in BTC price and still has overwhelming popularity. Brushed off the IMF, annihilated the gangs, and has attracted an excitement which shouldn't exist there. The China angle tho... Who knows what they've both gotten up to behind closed doors. Is he really sanction-proofing the country lol?
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