Both Smaulgld and China's government both claim that bitcoin holds no merit. Smaulgld stays willingly ignorant on bitcoin because it challenges his position in gold and silver. Plus, he has been openly wrong about bitcoin since its inception, and his credibility is at stake as a financial adviser (smaulgld.com).
Similarily, China dislikes Bitcoin as it challenges the authority of the state and their credibility.
The Red Coats are coming!
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