Bitcoin's Walls Are Closing In

CCP China’s closing mining operations isn’t about “climate”; it’s about control of the Chinese people and economy.Sovereign control of currency is a fundamental element of sovereign nation-states, going back to Westphalia. While such control is imperative for a totalitarian state like CCP China, it's also important.Bitcoin et.al. directly threaten state sovereignty and won’t be tolerated.Cryptocurrencies have largely “flown under the radar” by banking, treasury, and tax officials. That is changing rapidly as governments recognize the threat to national interests, Westphalian sovereignty, and security.We think national economics regulators, state environmental regulators, and municipalities troubled by "mining" raising local electrical rates - will sweep cryptos away like a tsunami.