Ninjastic
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Board Bitcoin Discussion
Re: Will Bitcoin Solve Chinese Banking, Household Debt Woes?
by
Lmaooo
on 04/11/2019, 21:34:37 UTC
Quote from: derdemo on November 03, 2019, 10:28:19 PM
China’s economy is not immune to the woes that are creeping into Western ones. It has long been a nation of savers but increasing household debt and more banking bailouts are signaling stormy economic weather ahead. Will bitcoin be the savior when the big crunch comes?

https://bitcoinist.com/will-bitcoin-solve-chinese-banking-household-debt-woes/

Of course, why not? but only if China lifts the ban on bitcoin and cryptocurrency trading in the country. As we all know, the Chinese government has banned bitcoin and all the cryptocurrency trading in the country since 2017 and China did not stop there, they even went on to banned bitcoin mining in the country as well.