Could Crypto’s Comeback Be Made in China?

China banned crypto, but some in the industry are pinning their hopes on a policy shift.

Photographer: ODD ANDERSEN/AFP

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Muyao Shen looks East to discover a new narrative for crypto bulls in 2023:

Crypto needs the blustery tailwind of a hot narrative — the uncharitable would say hot air — more than most other asset classes.