
rick awsb ($people, $people)|Sep 08, 2025 21:04
Maybe 50% of Westerners will turn to China (embracing) communism after the end of the dollar, but chances are they still won’t use the RMB. Instead, they’ll opt for Bitcoin, Ethereum, or other cryptocurrencies.
Because even in China, the most hardcore 'communists' (and patriots) would abandon the RMB without hesitation and embrace crypto, or even the dollar, if it weren’t for capital controls restricting the free flow of their funds.
From this perspective, the crypto-ization of Bitcoin, Ethereum, stablecoin legislation, and various risk assets, including U.S. stocks, is indeed an innovation that China cannot replicate.
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