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1062. Currency War: China vs U.S. Dollar | Bitcoin Analysis
Tech Path Crypto Investing
English - April 20, 2023 15:27 - 39 minutes - 54.4 MB - ★★★ - 2 ratingsTech News News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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?