China's loss might be Vietnam's gain.
No this is not referring to the manufacturing that is moving out of China in favor of the lower labor cost country of Vietnam. Instead it is Bitcoin mining.
I think China made a mistake with their ban of Bitcoin mining. That is going to come back to haunt them.
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I think so too. I wonder if they will flip and try to get them back once they realizetheir mistake
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The CCP doesnt make mistakes. That is their main mistake.
China always had an arrogance about itself, for centuries. This always cost it big time. Like when they built the beautiful ships hundreds of years ago, one that were top heavy and could not sail on open waters.
They were pretty but the country needed cutters which others built. That is why they were not part of the global shipping success.
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They don't try to fix things until its too late.
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Interesting historical fact. I actually didn't know about that.
Leo Market Talk can educate us in many ways
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Yea but we all know China is doing a lot of things hurting them economically right now. Just look at all the fines and stuff on Chinese stocks listed outside of China.
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I still think they have an ulterior motive behind their decision. Not sure what it is but I don't doubt it's nefarious... Time will tell as always.
Of course, maybe they're just planning to fleece it all fully-mined from Biden.
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