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Michael Burry talks about internal problems in China, Hengda, and Bitcoin.

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That's an interesting talk.


To summarize briefly


1. China needed funds for numerous real estate investments and self-development

-> 테더를 이용해서 어음형식으로 끌어왔다


2. The reason why China suddenly regulates virtual currency is that this virtual currency has grown a real estate bubble.

The real estate bubble all fell into the opposition of Xi Jinping, the Shanghai Bang. I'll stop this


In addition, it is China that borrowed virtual currency and turned it into cash, and the virtual currency is foreign capital.

If the cryptocurrency is cut in half, it will benefit China.


Therefore, the Communist Party eats up the real estate company, and even digs through the money of foreigners in the capital market.

And the premise of the real estate was a virtual currency billing system. I mean


Because it is a risk from China.. um.. we have to see what will happen, but I expect an upward trend by the end of this year.

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Michael Burry

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It was difficult to find Tether's report even if I googled it.

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Did you really borrow tether?

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