Post
Topic
Board Economics
Re: Bitcoin currency stability
by
deisik
on 23/08/2019, 07:50:40 UTC
To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?

People tend to overestimate the so-called trade wars between the US and China

Even the term itself (war) seems to be a massive exaggeration and sensationalist media invention itself, which common folks readily fall for. There are some tensions and disagreements between the two countries but it is the way the world as a whole ticks along. As long as there is no real "hot" war between the US and China (or whatever other major nation), we should consider Bitcoin safe (for the peace of mind)

Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?

Why should they? How can Bitcoin possibly help them avoid economic sanctions? And which sanctions specifically?

Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

It's already holding pretty strong. But in the dire economic conditions and disarray it will get hit too as any other speculative asset out there