I cannot help but feel that the bitcoin plummeting because of China has something to do with the Debt Ceiling Debacle here in U.S.

 If the U.S. defaults on it's loans to China because it won't raise it's debt ceiling by 250 Billion dollars China's economy collapses along with anyone doing business with them around the world including the U.S.

So, because of this, the Bitcoin plummeting because China is making it more illegal than before directly ties in with all of this. These times remind me of how the Great Recession Started.

begin quote:

The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis.Jul 8, 2021

Causes of the Great Recession: Factors, Effects, and Legacy

end quote.

I remember how it started in one way and then took on a form no one expected and then wound up being a Toxic Subprime Mortgage disaster caused by insufficient regulations regarding mortgage loans nationwide. Then because houses lost their value and mortgage holders loans were worth more than their houses, mortgage holders just walked away from their loans because their houses were of no value and often went bankrupt because this was a better economic choice. But then after getting screwed by the Bankers bad loan practices they voted in Trump in rage and anger because of having their wealth through their houses stolen from them. I worry about the chain reaction of events right now because China is acting like we are declaring an economic war on them by not raising the debt ceiling. 

And Right now, the Chinese see McConnell as the one waging this economic war on them through the Senate. So, his life could be in danger from China if he succeeds in preventing the debt ceiling being raised.

Because he will be blamed for this and likely his life won't be worth anything if he causes a complete meltdown of the Chinese economy and all Countries who do business with China including the U.S.

So, in this sense all corporations in the U.S. have a vested interest in fighting McConnells Stance at this time as well as all corporations on earth. We live in very strange times!