by Tyler Durden China's crackdown on crypto may have a silver lining after all. While Beijing's bitcoin battering efforts - for myriad reasons including a lack of centralized control (translation: use our CBDC or else), a pathway for capital outflows (translation: use our CBDC or else), and the latest somewhat humorous "crypto does not meet China's carbon goals" - have, along with Elon's tweets, tamped down enthusiasm for the cryptocurrency; the perhaps unintended consequence of the actions of Musk (reversing his advocate position by highlighting the anti-ESG case) and China's regulatory crackdown (again) will be the 'greening' of crypto and inevitably enabling more progressive asset allocators to move reserves its way.