Now I know China has been accused of keeping the price of their fiat down, so this leads me to a question.
Why would china want to keep the price of btc at or below 1000? And I'm not asking for answers around curbing the use of it, because I don't believe they want that. I'm asking for genuine thoughts on how it would benefit china to keep the price low. What long term strategy would they have? Because we all know china doesn't just do things because they want to. They've probably had meeting after meeting on how best to optimize bitcoin for their benefit.
it seems china aims transform bitcoin collect as much at lower prices later when bitcoin already accumulated fat then they will sell at a high price
maybe it is so strategy china
Maybe China is seeking thus to save the yuan? Now the Chinese are massively buying bitcoin and it hurts the yuan.
They are not saving the Chinese Yuan
And the folks in China are not massively buying bitcoins, otherwise you would have already seen prices in many thousands (if not dozens of thousands). Just make a reality check (at least, sometimes). The Chinese central bank (PBoC) has been deliberately devaluing Yuan but it has been doing that in a controllable and manageable way. Bitcoin could theoretically harm the Chinese national currency, but it is very far from that right now. At max, it could be claimed that Chinese authorities are acting preemptively, but this is also mostly just our guesses and assumptions