[vc_row][vc_column][vc_paragraph text=”Analysts suggest that the tension between the US and China is crucial to the growth of the bitcoin price.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bitcoin takes advantage of tension between the US and China” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Since controversy between the United States and China is not going to be solved any time soon, the US economy is gradually yielding to the consequences of the conflict.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Given the well-known fact that the trade war gives Bitcoin an advantage, experts also believe that China may consider Bitcoin as a benefit to avoid the sharp impact of Washington’s sanctions.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In addition, experts took a critical look at the prospect of digital yuan, noting that this could push the White house to develop its digital dollar.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If everything eventually goes this way, it will lead to an increase in the popularity of digital assets, and to an increase in their acceptance. Some experts note that the only thing that can benefit the digital asset market is the decline of the American economy, not the development of the digital dollar.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If their comments are carefully considered, then the tension between these powers is just a sign that the US economy is gradually declining. Bitcoin has recently started to rise in price after trading sideways a few months ago.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Currently, the price of BTC is around $ 11,840, and this came some time after trump announced a ban on TikTok among other things, including the closure of their respective consulates.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”China is suffering from tension” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”3845″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Taking a critical look at things, it can be concluded that the increasing tension between the US and China can cause consequences that go far beyond the rise in the price of bitcoin.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Another critical effect may be the relocation of the majority of miners from China, which, according to available data, can boast 65% of the hash capacity of the bit.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Voicing its view on the ongoing tensions, BitOoda, the digital Finance division, said that weak relations between both countries had led to sanctions that sharply reduced China’s market shares. The growth of monetary nationalism may be another negative effect of tension. This can be good or bad for Bitcoin, depending on which side you are on.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”A few words about monetary nationalism” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”3846″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The doctrine of monetary nationalism States that a country’s share of the world’s money supply should not be determined by the same principles and the same mechanism as those that determine the relative amounts of money in its various regions or places.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This doctrine is practiced by China and other monetary nationalism regimes, when the currency’s sphere of circulation coincides with the country’s borders, and management belongs to the Central Bank that issues it.”][/vc_column][/vc_row]
