“China’s rejection of open-source software crypto-assets may mark a plateau in the country’s economic ascent, we believe,” says Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence.
Hedge fund manager Anthony Scaramucci has gone even further, saying that the recent regulatory crackdowns from the Chinese government equate to a “Tiananmen Square moment of capitalism” meant to regain control over the country’s business leaders.
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