Post
Topic
Board Economics
Re: Will the US Dollar dominate bitcoin trading
by
Sir_lagsalot
on 09/06/2016, 07:49:00 UTC
Probably not. Currently more than 50% of the bitcoin miners and corporations are from China. These guys control and own the supply of bitcoin, meaning that they influence most of the trading going on on the market. If the US is going to beat that, they will have to acquire more mining power, or the government will have to make a statement on the lines of "Bitcoin is awesome! Invest in it!", which will most likely never happen.