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27 sats \ 4 replies \ @TomK 24 Apr \ on: Chinese FX Outflows Soar, Priming The Next Bitcoin Surge bitcoin
I'll throw in a wild hypothesis alongside the empirical observation: the approval of bitcoin ETFs in Hong Kong could only serve the purpose of mitigating this capital flight and possibly also releasing pressure from the various asset inflation bubbles in a controlled manner.
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42 sats \ 3 replies \ @siggy47 OP 24 Apr freebie
That's what I figured, but then I read the other day that mainland Chinese investors would be barred from investing in these ETFs? I know there are always gaping loopholes in China.
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75 sats \ 2 replies \ @TomK 24 Apr
I think the ordinary Chinese get to deal with the cudgel of the state and capital controls, while those close to the system richer etc via Hong Kong are thrown this bone
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42 sats \ 0 replies \ @Satosora 24 Apr
Im betting hong kong and macau.
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42 sats \ 0 replies \ @siggy47 OP 24 Apr
That's what I figured. It's good to know people.
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