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People usually buy Bitcoin in hopes that they would be able to sell it to others for higher profits.

In his statements to the Financial Times, a Wall Street banker noted that President Xi Jinping’s authoritative regime would use digital yuan or digital renminbi to bring people’s everyday transactions under its radar — a thing it is already doing via its strict internet policies.

…despite its limitation, Bitcoin appears better than a digital yuan to many.

“I would rather have Bitcoin than government fake surveillance crypto,” he said Wednesday.

Shark Tank investor and software entrepreneur Kevin O’Leary also said in an interview with CNBC that he would rather buy Bitcoin than China’s “blood money,” citing carbon issues related to the cryptocurrency mining process in the country.