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.
Probably the guys who could buy foreign real estate will opt for the Hong Kong ETFs? Who knows?
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I don't believe Chinese mainlanders can buy those.
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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.
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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.
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I'm listening to the Real Bedford one now. We're on the same rotation.
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That’s a fun one. Learned a bit about the tiers as kind of capital even these lower tier teams need to commit.
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