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@GhostOnTheHalfShell
it's definitely not coming to the united states lol.

there's many factors but i think it's mostly going to china or chinese non-state actors (especially if you include North Korea, though i'm talking mostly about the triads etc).

one example is mining... the bitcoin mining companies in the US are all in debt to their eyeballs because they need to buy the mining rigs... which are made by a Chinese company (#Bitdeer). so in a way the entire american bitcoin mining "industry" is just a way to siphon capital out of the american markets and send it to back to mainland china.

but there's some countervailing / offsetting flows, like the way Tether etc. are facilitating chinese people's ability to get their money *out* of china.

net-net it's pretty hard to say as far as whether mainland china is up or down, but what's very clear is that offshore / transnational organized crime is way, way, WAY up on the trade.