https://www.youtube.com/watch?v=JP9-lAYngi4&feature=youtube_gdata_playerIn this discussion (3 min from the end) Andreas Antonopoulos suggests that the Chinese government should be in favour of bitcoin because it will provide an alternative reserve currency to the currency of its foe, the US government.
If this is true (and I'm not saying it is) but if true why would the Chinese government crack down on bitcoin?
Could the US government have applied diplomatic pressure on the Chinese government to force them to crack down on bitcoin?