His slant seems pretty obvious... Even if he ends up being wrong the logic is self evident. Communist China is a totalitarian state, Communist China crushed another virtual currency that caught on a couple years back, therefore if the raise from ~$100 a bitcoin to ~$600 is due to chinese involvement you probably should assume its gonna go back to ~$100 as soon as the communist government flexes its muscles.
Chinese state television is one of the promoters of Bitcoin. From May: "At the end of last week China Central Television, a state-run broadcaster, aired a documentary offering an overview of bitcoin and its potential benefits. Given the tight controls the Chinese government has over mainland media, this was not just tacit approval from the world’s second largest and centrally-run economy..."
The chinese govt has plenty of engineers and plenty of IC fabs. They are in the best position, even more so than the US govt, to execute the 51% attack.
