Friday, April 6, 2018

Cryptocurrencies & Looming Trade War

WILL BITCOIN AND ALTCOINS BECOME SOONER THAN EXPECTED THE ONLY OPTION BOTH FOR PEOPLE TO KEEP THEIR LIFE SAVINGS, AND COUNTRIES TO SALVAGE THEIR MONETARY RESERVES?


China holds $1.17 trillion of U.S. government debt. If there is a trade war, China could swiftly reduce its U.S. debt holdings as a political weapon against the Trump administration tariffs proposal. If that happens, the dollar could fall and other countries could follow suit and sell their holdings. At that point, cryptoassets (Bitcoin, Litecoin, etc. ) will become the only realistic alternative.

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