If Chinese bail, there remains the rest of the world. Wish them good luck with a better alternative, and that is not the cny.
OT: How does gold keep its value in the coin, which is decentralised from anyone owning it, thus owning the gold...
Turns out the bitcoin price drop is due to Chinese government visiting the exchanges in a bid to control money flowing overseas from China. The price of Bitcoin is gonna keep falling as the Chinese bail from crypto...