I think it is a reason of btc price increase,but nobody will tel that loudly.Event has been postponed from October to November
Chinas goal to attain endorsement of the yuan as a reserve currency will be achieved this year, according to most economists surveyed by Bloomberg.
If Chinise Yuan will be recognised likea global currency together with dollar,euro,yen,than market will choose currency to trade,and it will be free to choose for countrys in which currency thay thay want to keep his reserve
Big trouble for dollar domination,if USA will put his veto,than we can expect China answer,yet another big trouble
All that is enough to drive btc price up
http://www.bloomberg.com/news/articles/2015-06-26/china-seen-winning-reserve-currency-endorsement-in-imf-s-reviewI don't think that USA will put the veto. USA has chosen the way to collaborate with China and not to fight with it. They have and will have various divergences but the trend is the collaboration. At least in appearance. So I don't see a possible conflict in this direction.
But there exist even another reason who make me to believe the above. USA have actually the supremacy in the monetary world through its currency (us dollar). I don't think that the Chinese yuan (even the China is very aggressive in this direction) will be able to replace the us dollar. At least for to many years to come. Maybe can be verified some decrease or maybe even replacement of us dollar reserves only in few countries (satellite of China which maybe have made this already) which are without big weight in the world monetary scene.
Anyhow my personal think is that every country must have "fear" from China. Seeing its development, its policies of development and the way they arrived and managed this development in the last 30-40 years can be told for sure that for China everything is possible.