China is hardening its position toward the US.
Trumps Tariff threats are met with Rare Earths supply chains cut.
The West/US is now exposes as needing rare earths for its military and industrial production lines.
China holds the west to ransom.
In this situation it is possible the world power balance changes swiftly, and China/BRICS are no longer cautious in respect to the US, but outright defiant.
China is already in a position where USA needs their supply chains.
In fact nearly every nation needs Chinas supply chains.
Trump has so far failed to win Russia back into the wests orbit, because Russia signed a mutual support agreement with China days before invading Ukraine.
China can and does support adversaries of the west and can supply them with near full manufactured goods supplies and buy their commodities- especially if they have oil.
China now has Iran, Russia serving as dedicated oil suppliers..enabling their attacks on the west.
Trumps attempt to regain hegemony over Venezuela after blocking Panama canal routed potential exports to China is something to watch.
Gold price is already exploding.
Bitcoin price not so much.
A future where China increasingly calls the shots would be a future where Bitcoin would still be relevant but not on the dominant side of the global economy.
Bitcoin would be a refuge and a safe haven but largely only within the declining west and peripheral nations.
Thoughts?