So, Will China's Digital Yuan Target the Dollar Or Bitcoin?
China is against the dollar and for sure to base their Digital currency in dollars would be a big mistake, so, i would bet they will base their currency prize in bitcoin.
This will be a nice step for the economical evolution, which is what Venezuela tries to do, but by the right way to do it.
I don't think they'll base their digital coin on Bitcoin. There's already a token like this (Wrapped Bitcoin), and it's pretty useless. Not to mention all the volatility associated with Bitcoin remaining in that case. But of course, they would not base their coin on the money of the biggest enemy: the USA. I don't know for sure, but it seems obvious to me that they'll base their digital Yuan on physical Yuan, and being one of the biggest economies in the world they might actually successfully do so. I still don't know how serious this digital yuan talk is, but I guess we'll see soon.