141 sats \ 6 replies \ @grayruby 24 Apr \ on: Chinese FX Outflows Soar, Priming The Next Bitcoin Surge bitcoin
It’s interesting. Here in Canada it is getting increasingly costly for foreigners to park their money in real estate. There is a foreign buyers tax and a vacant home tax. I wonder as the cost of buying and maintaining real estate increases if this article is correct and a lot of Chinese capital flight will instead opt for bitcoin.
write
preview
83 sats \ 5 replies \ @siggy47 OP 24 Apr
Probably the guys who could buy foreign real estate will opt for the Hong Kong ETFs? Who knows?
reply
54 sats \ 4 replies \ @grayruby 24 Apr
I don't believe Chinese mainlanders can buy those.
reply
50 sats \ 3 replies \ @siggy47 OP 24 Apr
Yeah. That's what I pointed out earlier. Tom noted that exceptions will probably be made for the elites. Speaking of China, I just listened to TFTC about mining centralization and China control. Disturbing.
reply
54 sats \ 2 replies \ @grayruby 24 Apr
I just started listening to that this morning as well. Haven't gotten too far into it. I was at the mechanic getting my snow tires switched out and listened to Preston talking to Pete about Real Bedford and when that one was done I started TFTC but I am only about 15 minutes in.
reply
50 sats \ 1 reply \ @siggy47 OP 24 Apr
I'm listening to the Real Bedford one now. We're on the same rotation.
reply
74 sats \ 0 replies \ @grayruby 24 Apr
That’s a fun one. Learned a bit about the tiers as kind of capital even these lower tier teams need to commit.
reply