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Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

Well, two things.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

One, if you're putting Bitcoin in the cold storage, it means you're just holding the line, right?

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

You're weathering the storm.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

You're just waiting it out.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

If you're putting things like USDT, USDC into cold storage and kind of sitting on it, which is unlikely, it wouldn't make sense, but maybe you're doing that because you're waiting for the right price target.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

And you know that there's no reason to leave it in the wallet.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

But again, there's no down either.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

So my theory is they're just tossing Bitcoin off into a cold wallet and sitting on it, which is what some of the lower earlier investors did.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

They tossed it into, you know, dead storage and it sat there for 13 years and all of a sudden it woke up and went crazy.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

So it's possible that we start seeing some sort of price shock happen due to some of these actions of the whales where later there's going to be a sell of it's what I'm getting at.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

that it gets over to a point, gets up to a point.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

And then there's a little bit of sell, not dump sell, but sell to recoup from losses, especially if this goes for, let's say another two months or something.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

I can anticipate that happening.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

I don't know if that's really going to happen, but I suspect it's possible.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

It's entirely plausible.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

The other thing that's kind of, I'll even say infecting cryptocurrency right now, there's chatter that banks in China,

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

are going to try.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

And I talked about this on an old, old, this was like a year, maybe ago episode where there was chatter about some of the other world powers, China being one of them moving away from dependence and connection to the United States dollar.

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

How does that work?

Crypto Talk Radio: Basic Cryptonomics
Bitcoin’s Recovery May Be Slowed Due To China Moving Away From US Debt

Well, at the simple level, we sell our debt to these other countries and those countries benefit from buying our debt.