Post
Topic
Board Economics
Re: China’s digital yuan could replace bitcoin & end US dollar hegemony
by
exstasie
on 03/06/2020, 16:06:16 UTC

Digital currency doesn't change the fact that people don't trust the Chinese government. They regularly devalue the yuan anytime there is demand for it. Their export-heavy economic model favors a weak currency, which makes for a poor store of value vs. the USD.