China owns 2.6% of the US debt. [https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp]

Agreed -- Bitcoin won't scale. It's already proving to be a very poor way to transfer small amounts of money. For example, last week, I sent $15 worth of BTC from one of my wallets to another. The default transaction fee was $7.50! Before sending, I overrode the suggested transaction fee and set it to the minimum amount, which was about about $1.50 -- that's effectively a 10% fee to move a small amount of money. I knew that opting for a lower transaction fee would result in a longer wait for my transfer to occur, but I was not in a hurry. I wanted to see what happened. Well, here I am 5 days later, and although the $15 is deducted from by source wallet, it has yet to show up in my destination wallet. And as long as there are thousands of other transactions around the globe paying higher fees, my money will forever be stuck in the ether. Bitcoin has proven to be: non-scalable, expensive, and unreliable.