US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped.
Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive.
Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted.
I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor
I would agree that we shouldn't overlook at the effects on crypto, but I don't see a point wherein we will severely affected because of this so called trade wars.
Vulnerabilities could be on the mining gear, but if US blocks its import to their soil, a lot of nation can take advantage of it and take the lead.
I'm also not familiar with Western capital tied up to huge exchanges. So I can't say what will be the impact for now.