China is in Debt & What This Means for Cryptocurrencies

Chinese portrait gallery seemed to offer little by way of variety.

It’s a rib repeated regularly on the late night talk show circuit — how China essentially owns the United States because of how much the U.S. owes the Chinese. The only problem with this joke is that it’s stale — not because it’s no longer funny (it may still be) — but because the Chinese are just as much in hock to the hilt as the United States is. China, once the world’s bank, with huge…