Dear @valchiz

A major player on Bitcoins opposition party is China which has unveiled a complete ban on all crypto transactions and mining

Hot topic.

We've surely experienced loads of FUD within crypto markets this month. Especially coming from China. First it was "evergrande" and now that heavy crackdown on crypto transactions.

All media channels and youtubers keep talking about those topics. And markets hardly reacted.

It's hard not to have an impression that it is well organized media campaign, which has a purpose to bring panic into the market and crash it. Bad news usually "travel" in packs. And oftern those bad news are OLD. And it's only purpose is to shake out remaining of "weak hands".

It's also hard not to notice, that this crackdown didn't make much damage. Impact has been very limited. Even year ago, those news would most likely create huge wave of panic. Not this time. Any conclusions?

I wonder if you would agree with my point of view, or would you see things from different angle?

Cheers, Piotr