 So we're going to talk about two topics I didn't list quickly. We're going to talk about China and Bitcoin, because Ali said I should talk about China and Bitcoin, and Ali knows his stuff. So hopefully you'll listen to Ali during this thing. So China and Bitcoin, as you know, as I think you've read, probably China has banned everything associated with Bitcoin. They have banned trading in Bitcoin, ownership of Bitcoin. They've banned mining Bitcoin. They've basically banned everything associated with Bitcoin. They are afraid, I think, that as the Chinese economy declines, and I'm going to do soon I'm going to do a whole show on China because I think there's a whole. This whole thing that it seems to me that most people are completely missing about China right now, and that's the decline of China. And so there is, there are faith that as the Chinese economy declines, the wealthy in China will use Bitcoin to move money out of the country. And you know, China, Bitcoin, I've always said, is its value gains its value for one's ability to use it to engage in illegal activities and maybe the most important illegal activity of all is the ability to get around capital controls, to get around restrictions that your government places on you in terms of moving your money around. And Bitcoin is a way of doing that. And Joey says that they banned all crypto, not just Bitcoin, and it makes complete sense because they don't want you to use an anonymous electronic currency or, well, mechanism. It's not a currency, but it's a mechanism. They want, they want you to use a, they don't want you to use an anonymous, have access to an anonymous mechanism by which you can get money out of the country without them knowing about it. So it's, it's super interesting that the Chinese are panicking this badly. It's not a good sign for crypto, although what it will do, you know, that when it was announced, the price went down and then it bounced up again. And I think the reason it bounced up again is that people realize that this actually in a sense increases the value of crypto because why does it increase the value of crypto? Because the Chinese, Chinese businessmen, Chinese wealthy are going to be willing to pay a lot of money for crypto to the extent that crypto facilitates their ability to move money out, facilitates the ability to, you know, be anonymous to the government, not to be seen by the government, not for the, for the monetary transactions, not to be seen by the government. To that extent, they're going to want more of it. And I think some countries might be now afraid that their governments will, will outlaw crypto and in that case, then people in those countries might be, they might be a heavy demand for crypto. So I expect that the price action yesterday in crypto, where it bounced back is primarily the primary responsibility for that was people buying crypto as a defense against the possibility of their own governments, including Chinese people, their own governments outlawing the crypto. It's, you know, that's, that's my hypothesis, but you know, it's, it's interesting that China did this. I think ultimately you're going to see more countries do it. I think the United States is taking a different path. I think the US seems to be taking a path that suggests that they want to regulate it and control it and tax it and regulate, as I said, regulate it. So we will see, we will see crypto crypto's ability to stay vibrant, anonymous, to be able to facilitate large movements of currency of funds is going to be challenged in the months and years to come. This country starts shutting down and finding ways to control it. It's always been my biggest issue with crypto. And that is, I think the false belief that many in the crypto community have that they are beyond the arm of governments. And I think they will discover they are not, but let's see how, let's see how the, what the response is like to China and how this plays out vis-a-vis the Chinese. But it is, it is one of the most interesting stories of the week. And again, I think very much a sign, another sign, there are lots of signs. Another sign that the Chinese are panicking. The Chinese economy is not going to be growing very fast in the, in the, in the, in the months and years to come. China is clamping down on those activities and those sectors and those geographical areas that facilitated its large, its, its significant substantial economic growth. And it's now clamping down on those. And the consequence of that is that economic growth is going to go away. So it really is interesting. And I think China is going to be turned out to be an economic paper tiger, a significant economic paper tiger. So yeah, how exactly the Chinese are going to be able to ban crypto monitor that control that. I don't know. I'm not technical enough to be able to tell you that, but given how much control they have over the internet service providers, over the infrastructure of the internet within China, it'll be easier for them than it would be in the United States. Although again, even here, I think, if the government wants to regulate this, if they really, really want to tax it, they'll figure out a way. Thank you for listening or watching the Iran book show. If you'd like to support the show, we make it as easy as possible for you to trade with me. You get value from listening. You get value from watching. Show your appreciation. 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