BTC reached all-time highs this week and dipped as quickly 5% in the opposite direction as people took profits and institutions tried to sink BTC. Meanwhile, China's ban has presented some obstacles to companies but China's own gov continues to use proxies to buy BTC and christens new crypto all the time (you may have noticed a ton of BSC chain alts with ridiculous names and opaque whitepapers that were slapped together with plaster). China is bullish on crypto but public policy toward its people is to ban crypto. Proxies fill in the gaping desire they have to own tons of BTC. Same with other parties in the US that say crypto is bad for the environment erstwhile mega-doubling down on BTC, ETH and XRP. They know something we don't, right? ;)
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