Charlie Munger Is Right: China Is Making The U.S. "Look Foolish" On Bitcoin

Months ago I wrote that China could be banning crypto to sidestep a global financial cataclysm. With crypto markets in turmoil & Charlie Munger sharing my sentiments, it's time to revisit the idea.

Just a couple months after I started my blog, and well before all hell started breaking loose in terms of Ukraine, inflation, and the market generally taking a shit - at the very height of what could only be described as a feverish risk-on environment - I wrote an article called “Is China Sidestepping A Crypto Cataclysm That No One Sees Coming?”

The art…