Post
Topic
Board Economics
Re: Bitcoin currency stability
by
qwertyup23
on 22/08/2019, 14:59:42 UTC
To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

Access to bitcoin or any kind of cryptocurrency is restricted in China. This would impact the price significantly since most miners come and originate in China. The implication would affect the future outcome and price of bitcoin considering that its acceptance is on the process of being accepted to countries.

I doubt that these countries would resort to bitcoin to maintain their economic strength, as what was stated on your argument. Although securing this type of investment may yield opportunities, economic strength can be drawn into different financial factors.