You would have said the horror was great. It just wasn't him. China officially announces the illegality of Bitcoin & Co. The Kryto-Assets shake briefly, and that's it. Perhaps it was more the Antikryptos hope that the devil's stuff would be done with, which made them overestimate the scope of the not really fresh announcement. The resilience of cryptos shows how invulnerable they are by fans - as once did the mortgage designers in the 2000s and tech investors in the 90s. We are the future, you can't get past us! Only: does the future also know that?
The Chinese leadership doesn't care.
For them, it's about what Xi Jinping has been about for years: it's about power.
A cryptocurrency must be subject to the will of the party.
The anarchic nimbus attached to crypto assets calls into question that the future belongs to the party.
May crypto fans comfort themselves with the fact that crypto ownership is not on an equal footing with drugs - the step is small, certainly for Xi.
And if state Trojans for searching computers have already been discussed in Germany, China is certainly further ahead here.
The crypto exchanges Huobei and Binance know this: They immediately made the kowtowing for which so many Western companies were severely scolded.
But crypto is something better.
If only it were so.