Friday, April 19, 2024

China’s Digital Yuan and Bitcoin

By DAC000 , in Bitcoin Digital Yuan , at March 6, 2021 Tags: ,

Bloomberg suggests the Digital Yuan, when launched, will be net negative for Bitcoin. About a one minute read.

Comment: I’m not convinced. First of all, as Bitcoin has surged in value negative articles seem to have increased in frequency. Second, Bitcoin is global, and once a digital Yuan launches we will still see demand for the crypto outside of — as well as inside of — China. This latest piece by Bloomberg seems to be coordinated. So I’m still hodling. As you should be.