China has over 1 trillion USD in United States government treasuries. Currently the most in the world. What if China decided it didn't want to hold them anymore.
As an exporting country this could be difficult as repatriating the USD to Yuan would put the price of the Yuan up which in turn would stifle exports, but what if instead of this it simply bought Bitcoin with the USD.
The price of Bitcoin in USD would go up. This would make it hard for US citizens to get buy bitcoin. China's Bitcoin stash could then be used for its general public in the international markets.
This would be a major conspiracy, but if it should happen, the Bitcoin price should be at least 16.4 times what it is today just based on market cap. That's a price of at least $69371 USD. This is the next moon What if any other countries should follow? there are significant inc incentives for countries to do this.
As an exporting country this could be difficult as repatriating the USD to Yuan would put the price of the Yuan up which in turn would stifle exports, but what if instead of this it simply bought Bitcoin with the USD.
The price of Bitcoin in USD would go up. This would make it hard for US citizens to get buy bitcoin. China's Bitcoin stash could then be used for its general public in the international markets.
This would be a major conspiracy, but if it should happen, the Bitcoin price should be at least 16.4 times what it is today just based on market cap. That's a price of at least $69371 USD. This is the next moon What if any other countries should follow? there are significant inc incentives for countries to do this.
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