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Building a bitcoin reserve for Los Angeles
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China’s economy is caught in a perfect storm of deflationary pressures, 14‑15 % youth unemployment, a lingering property‑developer meltdown and a renminbi that keeps flirting with psychologically important levels—all while capital controls bottle up citizens’ desire to diversify abroad. In that environment, Bitcoin’s censorship‑resistant rails, global liquidity and built‑in scarcity shine like a beacon of hope: a safety valve for savers, a lifeline for exporters, a magnet for green‑energy monetization and a platform for the next wave of fintech innovation. Buckle up—here’s why China needs Bitcoin right now, and why the timing has never been better.
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