Breaking news 2018: Trump wants to take over bitcoins and orders all of America to fight the war on cryptocurrencies by developing their own super asic to beat the Chinese at their own game. Every American will have to buy an asic and join TrumoPool to enjoy their freedoms. 51% attack to follow.
That definitely would MAGA. If POTUS decide not to shut crypto down, we would get finally rid of Wu's evil empire.
As much as I don't like Wu tactics, there's something your should consider. Wu is way more invested in Bitcoin than 99.99% so, no matter what tactics he employs in the short/medium term it is in his best interest that Bitcoin is a fucking success in the long term.
You have a point, sir.
Unless Wu is just a character played by People's Republic of China, which surely may not have the best interests.
Oh yes, that's another posibility... If Wu is a figurehead for someone with other interests, his actions will uncover him in the long term.
About the PBOC i am not 100% sure Bitcoin is not in their best interests. And I would guess they are also not sure. The macroeconomic implications of Bitcoin are so complex that I don't think no parties really know. And that's why no government has made any extreme move about it.