Post
Topic
Board Politics & Society
Re: Theories of why BTC is restricted in China and Russia
by
greenalliancegroup
on 04/05/2014, 17:18:48 UTC
The problem with the theory of cheap coins if few of them gov elites do decide to buy boat loads of BTC in China and Russia. Then turn the laws around. The supply and demand theory of the market regardless will go up because a group or someone out there will be buying up the supply.

My belief is that China and Russia believe its ploy from the West to get more capital to flow out of those countries and back to the West. A lot of people I know in China would rather have USD instead RMB because USD is the world currency at this point. USD will be accepted anywhere. I am not saying RMB is not worth anything, but the fact is USD is world currency. So everything that needs to be purchase will have to be in USD. Whoever holds the world's currency stats always benefits because its forced notion that you have to purchase everything with USD on the market.