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20 sats \ 1 reply \ @elvismercury 16 Apr \ parent \ on: U.S. Tariff on China Raised to 245% econ
I know there's so much written about this already, but it will not be consequence-free to make it extremely obvious to the whole world that the US's privileged place in the world is a shitty deal for them. They kind of have to take the deal, for the time being, but now they'll be very motivated to get out of it. VERY motivated.
Kind of like SWIFT sanctions on Russia in 2022, a wake-up call. I suppose good for btc?
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0 sats \ 0 replies \ @Coinsreporter OP 16 Apr
Definitely good for BTC when two fiats colliding. The bigger the fiat wars, the better it is for Bitcoin.
I've heard that China might weaponise US Treasuries, for which it is the second biggest holder after Japan, to put the pressure back on the US.
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