Yeah it will. The ruling party planned its entire strategy around BTC being the failsafe.

Meanwhile the PRC is impoverishing itself by banning it. Communism is self-defeating. They couldn't set ego aside and recognize when something isn't working. You lost.

coffeebadger

The petrodollar is dying but it will not likely be replaced by Bitcoin.

The dominant player in global trade today is China and China will likely dominate the means of settlement for global trade...just like every globally dominant economy has in the past.

bitcoin

Bitcoin Is Becoming The World's Reserve Currency

hyperfree

This is bullshit.
The petrodollar is dying but it will not likely be replaced by Bitcoin.
The dominant player in global trade today is China and China will likely dominate the means of settlement for global trade...just like every globally dominant economy has in the past.