Post
Topic
Board Economics
Re: Economic situation around the world and Bitcoin
by
abhiseshakana
on 16/10/2019, 09:10:17 UTC



In this era, I am sure that bitcoin will become one of the alternative options for storing assets, the situation and the current economic conditions are driving cryptocurrency to be accepted by the world community, especially bitcoin as a cryptocurrency pioneer.

Are you sure that the problem of China and America is only a matter of trade or more intrinsically concerns the issue of a regional control strategy?

The trade war between China and America is just a product of President Trump's "American First" foreign policy (https://en.wikipedia.org/wiki/America_First_(policy)). Nationalism and concentration policies into this country which China and other countries responded to as an opportunity to exert influence in other regions and become a new regional power. China wants the world community not to have a voice with the United States, therefore China will all-out use its economic, political and military power to achieve its goals.

The trade war between America and China did cause a slowdown in the global economy but the concentration of digital economic growth was indeed concentrated in both countries, however, these two countries are equally anti-bitcoin, so it won't have much impact on bitcoin.

Gold as high-quality Assets & safest assets is undebatable, but for the price, it depends on the market situation. At this time the price of gold in the market fell due to the US President's policy to China.