Post
Topic
Board Economics
Re: China’s digital yuan could replace bitcoin & end US dollar hegemony
by
AndySt
on 08/12/2020, 23:46:53 UTC
How bro? This will lead to the collapse of the Chinese economy soon!
Look in countries around the world, are there any countries that accept Bitcoin as the primary payment currency? The answer is: NOPE!
If China uses Bitcoin, it means that they will not be able to trade with the surrounding countries because the surrounding countries do not accept Bitcoin.
This will inevitably make China's economy go down and even suffer an economic crisis.
Where did you find in the article that China uses bitcoin as the primary payment currency?! On the contrary, the Chinese political and financial authorities consistently and methodically oppose this, and the introduction of the digital yuan fits into this strategy. And in General, it is hard to believe that any economically significant country has introduced bitcoin or some alternative coins as the primary payment currency, because this means the capitulation of the state in the field of credit and monetary policy.