Why I Hold Bitcoin: Escaping a System That Treats Young People as Disposable in an Aging China

Under the current Chinese system and the prevailing rules governing society, young people are neither cherished nor protected. Faced with the reality of an aging society, China resembles a profligate *nouveau riche* figure destined for a short life.

Of course, complaining too much is futile.

Even if I vent endlessly or spend all my time on YouTube and Reddit—engaging with or observing forums that oppose the Chinese Communist Party and its system—nothing actually changes; I am left with nothing but inner resentment and loathing. The reality is that even though I see the flaws in this system, I lack the power or agency within Chinese society to influence it or effect change. Under such a tightly controlled regime, expressing genuine dissatisfaction or dissent—even simply speaking the truth—invites punishment, let alone resorting to violence or bloodshed. Another crucial point is that, genetically speaking, the majority of East Asians are cowardly and prone to merely scraping by. This brings me back to why I first got into Bitcoin. It wasn't because I was fixated on the price or hoped to become an overnight millionaire and squander the fortune; rather, I wanted to see the collapse of the CCP-controlled financial system—represented by the RMB—or at least find a way to escape the Party's grip and the constraints imposed by the RMB-based economic order.

I first encountered Bitcoin during the pandemic lockdowns. I saw wealthy individuals decisively sell off real estate assets accumulated during the bubble in China's Tier-1 cities and convert the proceeds into Bitcoin. This allowed them to bypass foreign exchange controls, transfer their wealth to Canada or the US, and reinvent themselves as members of the local middle class. I suppose my interest stemmed from my bearish outlook on China's future.

China is destined to become a distorted society—a place of massive resource misallocation—that will inevitably collapse under its own imbalances. It will have to transition to a different state and pay the price for its errors; that is an immutable law of nature. As China’s economy and society fall into ruin, what value will remain in RMB-denominated assets or resources? The air, water, and soil are all polluted. Every second spent on this land brings only a sense of disgust and contamination; why would anyone spend money here? What of value is left? The people here are aging, barbaric, and uncivilized.

Money is essentially a form of debt: you expend your time and labor, and the other party pays you a sum that serves as an IOU—meaning that, based on this money, you can later demand repayment in the form of services. Since China is effectively an aging entity—a society where a mass of elderly people owes you money—what can that money actually buy you from them? How can the currency of a society composed of a barbaric, low-quality population possibly hold any value? Of course, I am not deliberately insulting the Chinese people here; I am simply stating that "good people" cannot exist within this system. In a distorted system—specifically the one controlled by the Communist Party—where responsibility and power are mismatched, the most evil or corrupt individuals gain access to the most resources and opportunities. Consequently, there is no incentive for anyone to be a good person; doing so would only lead to the depletion of one's resources and the assumption of limitless liability, ultimately resulting in one's physical destruction. Thus, there is no doubt that China—whether now or in the future—is a nation defined by moral decay and a low-quality population.

Ultimately, I believe the RMB will suffer the same fate as the Soviet ruble: economic collapse will wipe out people's wealth, rendering their years of hard work and labor futile. Because money represents a debt, the original counterparties—those who "owed" the value represented by the money—will no longer exist; they will have been replaced by a group of aging, physically incapacitated, barbaric, and amoral individuals who are left holding the bag.

A young person might work hard for thirty or forty years, only to find that by the time they wish to redeem their earnings, the original debtors are gone. It is akin to a failed investment: holding RMB assets—essentially holding IOUs denominated in RMB—will yield no actual payout. This is precisely why I am firmly bullish on Bitcoin; given China's strict foreign exchange controls—which make it extremely difficult to acquire foreign assets like US dollars or overseas stocks—Bitcoin stands out as the best possible choice.

Source: http://youtube.com/post/Ugkx1CIVcadSQ6bp5FaHrqhh3dhEunm_-x_g?si=M-YBWTonsEV3FaV3