It seems that BTC fans like to point at any blockchain-interest out the Chinese Government as being “good for Bitcoin”. This is so very wrong.While China may very well implement a blockchain-based currency at some time in the future, there is a zero point many zeros chance that it will be BTC or ETH or any of the other currently “popular” traded cryptos. There are two absolute reasons why this is the case.China’s crypto will not be anonymous. It will have the intrinsic ability for the Chinese government to track any transaction and identify the endpoints.BTC already mostly belongs to other people. China is not going to hand over $130 trillion dollars to the existing owners of BTC to buy a working currency. Why would they even contemplate it when they can just create their own from scratch?Of course there’s also the transaction rate. BTC currently limited to 4.6/sec, ETH maxes out at 15/sec. But those two alone mean that if China’s government ever does embrace crypto for real, BTC is totally and utterly dead. Go bury it.