167. Run with Bitcoin with Paco de la India
The Bitcoin Standard Podcast
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The Importance of Liberalization in the Chinese Economy
The majority of the population is 1.5 billion people in China and India, he says. When you have pumped in over 50 to 60 billion dollars in Africa itself, "you're just practically owning everything" The best way for them to save was like Bitcoin, it was buying US treasury shitcoins - but they can't do that now. You need open capital markets with an enormous amount ofLiquidity. And Chinese don't want to have an open capital market; they have capital controls. So making your currency inflationary means a significant loss of power for the Communist Party.
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