THE IMAGINARY BITCOIN BEATS FINANCIAL CHINA

Bitcoin or cryptocurrency, the digital asset has started in 1992, but the partners and investors limited until August 18, 2008, the domain name bitcoin.org registered, and from 2010, and some businesses have used Bitcoin in trade, then the individual investors interested, they poured money to buy Bitcoin, despite the Bitcoin has become the controversial currency, even the people doubt about the imaginary currency because it has no fundament, nor banking building, and neither guarantee and the people have never known the bosses (owner, staff and general director). The cryptocurrency is like the communists have deceived the innocent people about the communist paradise, the imaginary paradise has never come as Boris Yeltsin compared the communist paradise as the pie on the sky, and Chinese people knew the communist paradise of Mao Tse Tung and China’s Communist Party is like the roast Peking duck drawing in the paper. Nowadays, the era of counterfeit with the fraudsters and dishonest components appear everywhere from the society, government, congress, and the courts including the Supreme Court like America with Chief Justice John Roberts and others, actually, China’s Communist Party transformed the mainland becomes the center of a cheat, the hub of counterfeit, and the den of pandemics.

Certainly, Bitcoin is not the real currency, no one can see Bitcoin, but they can watch Bitcoin on the internet and the advertising with the brilliant golden color. Commonly, a customer wants to order a real hamburger at a McDonald’s restaurant, absolutely, nobody pays for a hamburger drawing on the paper with the beautiful color. The home buyer wants to take a property, not paying money to purchase a beautiful house on paper. Therefore the bubble valuation has attracted the investors while seeing the well-known wealthy persons joined Bitcoin and following as French saying” Le mouton de Panurge” has helped Bitcoin strongly has developed worldwide, and highlights in the financial market. The desperate investment should conduct the risk because the cheat hides in the Bitcoin. The bloody experiences of investors warn that high interest contains high risk. There are many retirees who fell into the trap of high interest by the dishonest components established by the scam companies, and the innocent investors lost the money after discovered the deceitful businesses just have names with the false address, contact phone, and other facilities. The highest valuation of Bitcoin reached $US 65,000 last year, therefore, billionaire Warren Buffet warns the Bitcoin is like rat poison, and Janet Yellen, chairwoman of the Federal Reserve said the Bitcoin is extremely inefficient as the asset class. However, Bitcoin continues to develop worldwide, the investors ignore the risk and forget the trick hides behind the valuation skyrockets. The monetary trap can fall anytime, but the members of Bitcoin are confident to pour the money without caution.

On May 12, 2021, the world’s richest man Elon Musk stayed away from Bitcoin, and the electric car maker would not use Bitcoin that is worth $US 1.5 billion, and Bitcoin lost more than 30% of valuation. On May 20, 2021, Bitcoin crashed from $US 43,000 dropped to $US 30,000, the members of Bitcoin are nervous, and panic, despite Billionaire Tesla Elon Musk told to hold the Bitcoin despite the loss of valuation. However, the investors still worry, they should know the world’s richest man can recover the loss or he can make other profits without Bitcoin. Actually, the individual investors are middle class and small businesses facing the problems when the valuation of Bitcoin continues to plunge without control because Bitcoin has no monetary firm to guarantee or issues the solution. The valuation of Bitcoin has fallen 50% from middle April 2021, the Wall Street warns Bitcoin will fall under $US 20,000. Once again, the investors and partners are nervous, but they don’t know how to deal with the uncertain situation after poured the money to buy Bitcoin, so the panic worsens the cryptocurrency. The stable currency based on credit, therefore, Bitcoin failed the trust. The assets of Bitcoin are floating into the global financial system, the valuation appraised from $US 2.53 trillion, but it evaporated to $US 1.63 trillion in early May 2021. The boom time of Bitcoin has fallen sharply into the crisis, the time to sell that has not much while the financial market panics.

However, the Bitcoin crashed deeply affects China’s banking system, the big loss of valuation influences China, so China’s government has banned using Bitcoin that worsens the situation when the properties in the mainland, the financial system risk and affects the overseas assets. Nevertheless, Chinese people interest in Bitcoin because the Chinese currency Yuan devalued many times, and they rush to store gold, US dollars, including Bitcoin. The Bitcoin ban applies to mining and trade in the mainland and overseas. Despite China’s economy and financial system have not responded to the real development of the world’s largest communist country. Therefore, the global hegemonic ambition urges China to involve the arms race, the space race with America and Europe. The stolen technology and the malicious business, plus sly investment couldn’t help China acquiring enough strength. Nevertheless, the rapacious plan called one Belt and Road Initiative nearly cost $US 1 trillion, and the piratical stations illegally built into the disputed waters of Indochina Pacific that burdens the budget of the county with 1.4 billion people.

China’s currency Yuan or Rebnindi is uncertain, the world and free-market doubt the real valuation, so the US dollar dominates the global market and the world’s financial system. Moreover, the Intercontinental Ballistic Tariff Missile of President Donald Trump ruined China’s economy and the dire consequences perpetuate despite the presidential robber Joe Biden, an actual henchman of China has tried to defuse China’s economy and help his great master Xi Jinping to beat America. The bribery of $US 1.5 billion paid for Hunter Biden creates an opportunity for China to colonize America as Sun Tzu’s stratagem” defeat the enemy by capturing their chief”, now Joe Biden becomes China’s Executive in the White House as Carrie Lam in Hong Kong, recently, he promised China will own America in the next 15 years. Since the trade war occurred in the first term of the US patriotic President Donald Trump, China’s currency lost the valuation and devalued many times, the inflation deeply affects the living conditions of Chinese people, so the citizens of communist paradise distrust Yuan, and the rushed to keep the US dollar and gold, it causes Yuan faces the loss of credit. However, Chinese people also joined Bitcoin and China’s government seeking a currency to replace the US dollar, because Yuan shouldn’t replace the US dollar. Actually, the China virus pandemic reflects a saying” a word made by China to stab Chinese”. The pandemic aggravates China’s economy, and Bitcoin temporarily uses while Yuan is weak. The nervousness of China proves the plan of China crashed after Bitcoin lost the potential valuation. The hasty decision to ban the Bitcoin of China worsens the situation, so Bitcoin will lose more valuation, but the selling will meet the difficulty while everyone wants to escape the dangerous situation. Therefore, the world can know China deeply involved the Bitcoin, and now, the largest communist country is hit by the imaginary currency as they deceived Chinese people about the communist paradise before and after 1949 in the mainland. The super top class Kung Fu of finance uses Bitcoin’s martial art skill to defeat the malicious top-class Kung Fu of China’s Communist Party.

The Bitcoin should be a game of the Global Deep State or other super persons to create the imaginary currency, but receive the real money like Federal Reserve printing the paper’s US dollar to loan, and create the debt trap America and getting back with the high taxes on American people. Certainly, Bitcoin lost the big valuation that wakes the investors including China, therefore, the potential damages are inevitable. However, the Global Deep State is keen to remain Bitcoin, the people don’t know what happens and the truth hides behind the clandestine operation of Bitcoin. However, Bitcoin has no monetary firm, so the investment risks and causes the financial crisis when Bitcoin crashed, the world market is complicated. When the computer system crashed or hacker attack a firm, or a bank, all system shuts down, actually, the customers can not withdraw or trading, and transaction. So, when Bitcoin crashed, or the internet’s system stops operation, all Bitcoin disabled, even Bitcoin suddenly disappears, what do the partners, investors do? Certainly, the money should lose, and the world’s financial system will falter and shaking up Wall Street and other stock exchange centers./.

(thedawnmedia.com)