For the past few decades, the financial world is dominated by the US Dollar. Accordingly, strong is the influence of the USA on the world. Since then, Bitcoin and co. represent, however, an Alternative to the ordinary Fiat currencies and the financial system to shake up, to discuss some of the experts going on and on about if and when crypto currencies, Fiat will replace money. In an Interview on the Chinese TV channel CGTN of the Binance and Crypto – Investor, Andy has expressed his clear opinion.
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China, is Bitcoin a clear tailwind
The words of Xi Jinping hit in the Crypto-world as a bomb. The Chinese President wants his country to be the Leading Nation in the Blockchain the area. With his statements Jinping said, however, not directly Bitcoin, but rather Chinese Blockchain and Crypto-projects.Nevertheless, many expect the project to push the Blockchain in General, will also have a positive impact on Bitcoin. In contrast to the USA, try the, up to now, pretty much anything to defend themselves against Crypto and the Blockchain. The against the wind for Libra is just one example of many.You want to be one of the world’s leading CFD brokers act? We have for you in our Plus500 Test all of the knowledge about values is collected and written down, where here are the pros and cons are. Just have a look on the Test or see for yourself and join today at Plus500.
Bitcoin and the replacement of the US dollar
China and the US have been fighting longer about who is the number 1 in the world. Rather said China calls on the world makes US more and more. The also the in the last months of escalating trade war between the two countries shows, for example. With the statements of the Chinese President, this conflict extends now from a “USA vs. China” to “Bitcoin vs. US Dollar”.This field of tension, the Crypto – and Binance Investor Andy Chen for the occasion in an Interview to the TV channel CGTN his opinion of Bitcoin and Fiat-money Express. This could not be clearer:
Bitcoin will end the US Dollar. The Fiat money will fail in 3 or 5 years at a major economic crash, and the price of Bitcoin will rise much higher.
Blockchain just for China, very interesting
Some experts suggest that China creates the Blockchain technology to use to gain an advantage over the United States, which is reluctant in this issue, as clarity. From this point of view, the issue of Blockchain China comes in very handy.But there are other founders, why is this just for China is very interesting. In the CGTN Interview Helen Hai to the language of Binance that the technology China could help manage the huge population and to create a transparent System. In addition, she joined the statements of Chen’s, if somewhat more subdued:
Crypto is a very important addition to the current Fiat can represent currencies System.
76.4% of all CFD retail investors lose money.Many experts, such as Andy and Helen Hai are very confident that Bitcoin will win over Fiat currencies in the next few years to the ground. Look at a possible replacement of the US dollar by Bitcoin? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]