China's Crypto Ban... Why Now? | Sahil Bloom (SotN 9/28)

"Evergrande is the train wreck that the financial world and media can’t help but watch." A week ago, Sahil Bloom dropped a thread on twitter detailing the buildup and consequences of the Evergrande debt crisis. This week, he's coming on State of the Nation to paint a macro picture of global events and their effects on the economy and crypto. There are so many puzzle pieces in the world at large, and we're trying to get to the bottom of how it all settles. What does this mean for the global economic landscape? How does this line up with another recent China Crypto ban? ------ TracerDAO | Perpetual Pools are now Live on Aribtrum! https://bankless.cc/Tracer  ------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha  LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger  UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants  ------ Topics Covered 0:00 Intro 5:30 Sahil Bloom 8:36 What Happened to Evergrande? 15:48 Risk to Chinese Economy 20:08 Who's Getting Punished? 27:39 Transparency & Trust 31:54 Central Bank Decisions 36:58 Updates on the Situation 42:00 China's Crypto Ban... Why Now? 47:22 Why Take it Seriously? 52:35 Geopolitical Rivalry 56:58 Bullish for Crypto? 1:00:38 Closing & Disclaimers ------ Resources: Sahil on Twitter: https://twitter.com/SahilBloom?s=20  Sahil's Evergrande Thread: https://twitter.com/SahilBloom/status/1439920043404546050?s=20  Sahil's Newsletter: https://sahilbloom.substack.com/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures