Author of this content has low reputation.
Words
117
Reading
1 min
4y
I think China is firmly against these BRI countries' adoption of BTC because China no longer controls the hash rate of BTC; North America does now.
Take a look at this document from the Observer Research Foundation ngo: "China’s belt and road initiative: Implications in Africa" - L. VENKATESWARAN.
There is most definitely a debt trap occurring in Africa in regards to the majority of these poor countries owing the majority of their debt now to China.
It is my opinion that these countries, like Kenya, which owe 78% of their external debt now to China, will significantly push for widespread civil crypto adoption. They're being left with next to no other alternative.
RE: Bitcoin Adoption is the rebrand that Central African Republic needs