This week Bitcoin was in for a rocky ride. The Chinese came out and talked about how it’s banned in China, and wouldn’t be allowed to be used for any transactions. That knocked bitcoin down for a 30% plunge in one day. Why would they do that? Because China has slowly launched its digital Yuan, and it’s not going well. The people are not adopting it and using it as they hoped. So, they did what any communist dictatorship would do. They banned the competition, then they simply repeated the ban to the masses again.