1062. Currency War: China vs U.S. Dollar | Bitcoin Analysis
Apr 20, 2023 ·
39m 38s
The banking failures in the U.S. renewed questions about its susceptibility to destabilizing financial crises. Meanwhile, China’s ties with Saudi Arabia have led to speculation of a petro-yuan that displaces...
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The banking failures in the U.S. renewed questions about its susceptibility to destabilizing financial crises. Meanwhile, China’s ties with Saudi Arabia have led to speculation of a petro-yuan that displaces the petrodollar. Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms. But where does Bitcoin ($BTC) fit into the currency war?
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