China Can't Stop Bitcoin, The U.S. Doesn't Want To

The recently unveiled U.S. infrastructure bill contained provisions that would have effectively amounted to a ban on bitcoin and other cryptocurrencies.A bipartisan group of senators has intervened to edit the legislation to make it less restrictive. One plan even received White House support.In a world of satellite connectivity, China will find it increasingly difficult to police access to the bitcoin blockchain.The "new world order" does not need to be one where the current USD-backed post-Bretton-Woods system is replaced by a system led by the PBOC.