Quote from: jbreher on June 20, 2018, 07:12:19 PM

Quote from: QuestionAuthority on June 20, 2018, 01:45:57 PM

Quote from: zorko34 on June 19, 2018, 11:28:21 PM

yep, China is the country who hold the majority of bitcoin available world wide! this firs big farms were born in China and USA!
so I'm not surprised to know that Chinese can control the price of Bitcoin!
China maybe is also going to rule the world in only a decade...

You may be right. The Chinese yuan is soon going to become the worlds next reserve currency. China FTW!

Doubtful.

It is obvious that the IMF is grooming the Special Drawing Right (SDR) as the new world reserve currency. There is also a quite compelling argument that Chinas massive purchases of Gold is in order to pull their gold_reserve/GDP ratio in line with that of other major currencies, such that the Yuan can be included in the basket that makes up the SDR. The G7/G20 act like the insiders are fully invested in these plans.

Will crypto waylay their plans? Probably not in the near term. We can hope for the longer term. Perhaps.

As long as someone bumps murrica out of the lead I dont care. No one will ever accept SDR as the worlds reserve currency but the Yuan has been third in line in the SDR since 2015.