Re: Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally

Quote from: arpon11 on May 29, 2019, 07:39:39 PM

Quote from: allthingsluxury on May 22, 2019, 12:09:40 PM

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

If this trading war between America and China is going to cause capital flow to cryptocurrencies market and bitcoin I will pray that the war should continue as this will make bitcoin become popular among the rich guys in China. I believe that something like this is going to happen one day and that will bring bitcoin to the mainstream media and society! Bitcoin is a safe haven to any economic that is witnessing trade inbalances and the example of that is what we are seeing happening now.

I think that the Chinese elite, organizations, and financial groups have infiltrated and speculated on bitcoin for a long time and hidden themselves by balancing and controlling their sources of money intentionally. We know beforehand that bitcoin in China has a huge impact on bitcoin. Because more than 70% of mining mines are operated there.