Bitcoin Forum

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

BTC in China is restricted. When war will end, I think that China legalises it and starts to use it on daily basis.
BTC isn't some fiat currency controlled by central bank, it is decentralised. It shouldn't have big impact to Chinese or USA economy.
After economic war, I think that BTC price will soar because many people in China would like to invest a little bit into them.

Perhaps a few people would look into bitcoin though I don't think that at this point, people are that confident to trust most of their assets in a relatively unstable currency and use as a hedge on a devaluing fiat. Most people are still believing in the power of their government to turnaround whatever economic crisis are they experiencing right now and I don't think it'll be a different story any time soon. Bitcoin can also be a target of law enforcement should they find out that it is being used to evade economic sanctions, and we all know what would it be like once that happens.

Bitcoin as a currency doesn't need to be stable. The political war between USA and China isn't gonna impact the stability of the cryptocurrency market as it is a decentralized network. Being stable is part of the cryptocurrency, and this will be completely upon the increasing demand to the adoption happening with time.

Thanks for your contribution. The trade war going on between China and US does not translate to the increase in the use of bitcoin because that not the way it works. For one, for the fact that US and China are now having issues with themselves means that traders in the international market will start accepting bitcoin as a means of payment neither will the workers in both countries will start demanding their wages to be paid in crypto in addition to governments start asking the dues be paid using crypto. It does not work that way. The significant thing that the trade war would affect is the landing cost of production or sales which would then be borne by either the producer or the final consumers depending on the elasticity of such product and other factors that influence the prices of commodities.

The identity of bitcoin is not necessarily for stability. It is not controlled like fiat and so whether wars are happening between countries or not, the fact that it activities are not regulated, it will fluctuate either way.

Good points. I see a lot of bitcoiners predicting option #2 as a likely outcome, but I haven't seen anyone make a compelling case. Most people keep trying to paint BTC as a "safe haven" in the face of shaky USD, CNY/RMB, Chinese and American stock markets. But I think we are still very far from Bitcoin truly being a safe haven asset.

That is to say, I think Bitcoin is rising in spite of investor fears in the broader markets, not because of them. If shit really hits the fan (global financial crisis, deep recession), my opinion is that Bitcoin will suffer dearly.


Same thoughts here. I doubt Trump will be reelected and I think his successor will be looking to reconcile.

Imagine there is crisis, what happens in this situation? People have no money, very small amounts, prices are higher, wages are lower, very bad situation. Person needs extra money, he had saved bitcoins in past but now needs money to feed, he won't wait for price rise and etc, will sell those bitcoins to get money asap and feed himself. So from this logic price of bitcoin will fall in any way during economic crisis.

The war is almost over and as you can see that President Trump is already reaching out to china to already have an understanding and a peaceful talk with him which could lead to the final solution to the war, so I don’t really see their war really lasting that long any more.

For the government of china and US, honestly both ate too adamant and I don’t think they will think of bitcoin as solution for now except people forces their hands down, and the only way that people can force them to accept it is if very large percentage of the country’s citizens are already using bitcoin, then it would be very difficult for them to control it even if they place ban on it, by that time they will have no choice than to also consider it but till that happens, I don’t expect any effect of their war on BTC.

Bitcoin has started reacting to some economic news that affect USA and other developed countries and that is a sign of interest from citizens of those countries. I think bitcoin should benefit from the financial crisis or trade war between China and USA and it should naturally influence bitcoin price as investors will flip stocks and other securities to bitcoin as a safe heaven.

What made you say that? Recently, the domestic woes between China and Hong Kong was thought to push either country to hedge their wealth on bitcoin, but so far we haven't seen the effect. But as so far as the impact of the China-US trade war, it is still 50/50 in my opinion. If could have an impact, but it's gonna be short term though. Investors will likely put their wealth to a stable investments like gold or even real state.

As this big country will finally be opened for crypto acceptance to their citizens it will be a big help to escalate the market price into good. The influence of these two countries will give a huge impact to the market flows and more investors coming from them will put interest and the other country also may follow.

I don't think they will resort to Bitcoin.

They might be able to get some profits out of it but I don't think they will be using it to maintain their economy since we all know how volatile it is. Some countries might talk to some whales in able to shift the price of it so that will really affect China if they resorted to Bitcoin. I think they will stick to what they great right now, the trading industry still.

Over the longterm bitcoin is more likely to mantain its stability and thus outperform fiat but over the short term volatility will probably remain high

I agree, bitcoin is not a safe haven asset. Bitcoin never saw a global crisis before, so nobody knows how will it react.

I believe it will not be a safe haven, it will bleed, but maybe not as much as the stock market.



In 2017, when there were tension with North Korea X US/South Korea bitcoin price trended up.


That is not a global crisis, and North Korea is not China... I know it is different, but there are some similarities.

In that case, had the tensions escalated a war between North/South Korea could lead money from South Koreans to BTC, as they love BTC there.

In the case of a global crises, if SP500 drops 40% and bitcoin only 30%, we are good. The problem is that a global crisis is the perfect time to cash out and buy more stable assets, such as ETFs and bonds. So we will certainly see some selloff in BTC in that case, IMO.

In my opinion, the economic war between the US and China does not have an impact on the price of bitcoin because the war between US and China is something that has to do with the government while bitcoin is decentralized and control by the crypto communities.
I think it because you expect too much from the market due to the upcoming halving which doesn't mean the market won't experience dump in price sometime before it halving.


There's a possibility for bitcoin to maintain the economic strength the individual who is from the US and China but I'm sure it will maintain the economic strength of the two countries since there stance about bitcoin is different.

Honestly, bitcoin cant avoids economic sanction for every country is useful to others in some aspect.


The US and China are not the only countries where there's bitcoin users or investors and I don't see any reason why bitcoin won't keep up with its strength and stability.

Bitcoin currency stability is confirmed because its a decentralised currency. and the faith of people are incresed day by day in bitcoin so it is the demand and need of future world.

If the war ended.Economic warfare and pressures can never end.
Every country is trying to impose its authority.
The Bitcoin revolution cannot succeed without state consent for its citizens to use currency

I see this scenario very likely to happen. I believe most people still believe in old, time-proven stable assets such as gold, so if there's some major disaster, those assets are likely going to be the place where most money went. Bitcoin will bleed hard, but if it survives, there's a possibility that volume will increase later so that price discovery is possible.

Access to bitcoin or any kind of cryptocurrency is restricted in China. This would impact the price significantly since most miners come and originate in China. The implication would affect the future outcome and price of bitcoin considering that its acceptance is on the process of being accepted to countries.

I doubt that these countries would resort to bitcoin to maintain their economic strength, as what was stated on your argument. Although securing this type of investment may yield opportunities, economic strength can be drawn into different financial factors.

When I saw your post I remembered that I read this subject several times in the news channels, it seems to me that the news channels are taking advantage of this situation to make headlines:

Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin? (https://cointelegraph.com/news/digital-yuan-weapon-in-us-trade-war-or-attempt-to-manipulate-bitcoin)

Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool (https://cointelegraph.com/news/bitcoin-price-loses-105k-support-as-us-china-trade-war-tensions-cool)

Bitcoin Price Drops to $10,000 in Recent Downtrend
 (https://cointelegraph.com/news/bitcoin-drops-to-10-000-in-recent-downtrend)


Bitcoin will not replace Fiat, it can be used a lot by everyone in the world, but banks and fiat will still exist

The war has two fronts that affects the price of bitcoin. First of all we have the non-crypo regular side where USA and China is having a tariff war that is affecting both countries, USA is affected because they do not have to means to access cheap manufacturing which is hurting the profits of companies and some of them even going bankrupt because of this, China on the other hand is no longer getting the money from USA it used to get for cheap labor they have.

The other side of this story is that china has banned a lot of things related to crypto which is making money a lot harder because people can't just go around the bans and use bitcoin, tariff war could have been a lot less if crypto was loved in china but since its not bitcoin is not getting the attention it could have gotten from this.

It's not almost over , it's over and china won it! Don't ask me how .. you can see how desperate trump and how calm china is.

This is indeed a momentum for bitcoin to get everyone attention especially to those who affected directly by this trade war , it's seems (for now) impossible for both parties to formulate bitcoin as part of this trade war solution especially after trump announce himself as a 'not big fan of crypto' and how China actively wanted to ban cryptocurrency mining. But i believe there's a lot of people who don't know bitcoin before to consider using it after this. How? They need to get-away over this trade war, they'll try to experiment using and learning about cryptocurrency and  They'll feel the benefit!

People tend to overestimate the so-called trade wars between the US and China

Even the term itself (war) seems to be a massive exaggeration and sensationalist media invention itself, which common folks readily fall for. There are some tensions and disagreements between the two countries but it is the way the world as a whole ticks along. As long as there is no real "hot" war between the US and China (or whatever other major nation), we should consider Bitcoin safe (for the peace of mind)


Why should they? How can Bitcoin possibly help them avoid economic sanctions? And which sanctions specifically?


It's already holding pretty strong. But in the dire economic conditions and disarray it will get hit too as any other speculative asset out there

At least they have an option to hedge they money to bitcoin in case this war will become worst.
Bitcoin as the most stable asset in the crypto space is the best option, it has been one of the option of some troubled countries, so I think this war somehow benefited the crypto space, however the there's only a temporary effect if this will not last longer.

For me, I like BTC to be use by a nation to help the devaluation of their money, like those countries that experience hyper inflation.
With the use cased of BTC that we are witnessing, I think BTC will even become more stronger in the future.

Bitcoin came to this point without governments, banks and regulations. Same institutions are responsible for wars around the world, and who is making profit from those wars? I think that most of the people are sick from wars more than ever before, that`s why crypto will be a safe heaven for all "normal" people of this world, who don`t like weapons, who don`t hate others just cause their government tells them to. Like bitcoin is boundless, world should be the same, borders are just on the paper that someone made to trick people.
Maybe for some people this is hard to understand, but "normal" people of the world will need to unite against a common enemy, that keeps us in dark for ages.

I think we need bitcoin to be regulated if we want to see it continue to hold its strength and become a stable investment in the future.
Without central authority looking at bitcoin, it is only those people who have hold a big number of BTC will benefit, they will continue to make money by manipulating the market, and this risk will continue to be high. We like adoption, and we like investors to make it possible, but this will not happen without the government overseeing bitcoin and the entire crypto space.

So far, Bitcoin has showed what it can do even without the influence of a higher authority and nothing will stop it if it continues to be.
So therefore, it strength is guaranteed but having a stable price may not be a sure one...
Moreover, whatever issue the USA is having with China will not affect Bitcoin. Bitcoin is not specified or owned by either of the two countries.

It isn't really affected by any political or outside issues regarding into its price.It can stand alone without the need of institutional support.

Stability?It wont fit out yet one of the strongest asset of Bitcoin is on its price volatility.Price movements is on what most people do likes yet they do able to make
money with these movements.If this one comes stable then I doubt that the support would lessen up.

When it comes to media, you know they like to throw lots of shits to the public that are not even genuine or true, it was same media that I heard that a day has been picked for them to ban miners, and then till date, nothing has been done or said about it, and I would not be surprised today if you go to china and you ask the president about cryptocurrency, he might not have even heard of it, people like to formulate news that are not true a lot.

Look at India, I learnt through a mate’s comment that the judge ask why they didn’t allow government to be the one that will have problem with crypto, does that mean that their government never even had issue with it, and here on media we had that government has planned to ban it?

At the moment I have not seen the correlation of economic war (US and China) with the impact that will occur with bitcoin.
because so far bitcoin has been able to stand alone even though there was a plan to boycott bitcoin. bitcoin is still too strong to experience things like this.

Indirectly the economic war will indirectly affect BTC. For one, the usual btc investor might not try to buy when crisis is happening.
When countries experience crisis the citizens don't panic to buy gold not bitcoin to store their wealth, they all just stick to what they use to. I wouldn't move my money to BTC if there will be crisis in my country, all the more that I need the fiat because banks are not easy to access by that time.

Law enforcement target? in fact there are already countries that encourage use bitcoin to avoid economic sanctions. Look at Venezuelan government which is now starting to adopt bitcoin to improve economy their country, and even now increase in volume bitcoin in that country is increasing. So far no international law enforcement has tried them, because law of bitcoin is still gray. So there is no reason law enforcement must sanction any government because bitcoin does not yet have clear regulations in international world.

There are absolutely no stability in crypto. Last financical drop cause also drop in crypto but nobody knows that will happen now

I am just wondering how you are comparing economic war (that is the sanction) with the price of bitcoin. You need to have a better understanding of economic sanction, then you will understand why i said this. Economic sanction means imposing trade barriers between two countries. This does not only mean ban of transactions between countries. If there is an embargo, then no way products can be transferred from one country to another country. I mean imports and exports will be strictly banned through any means of transportation. If this occur, how is bitcoin going to help in this case?

Well, didn't Trump just recently announced plans for a retaliatory tariff on Chinese products (again)? I think this "trade war" can affect bitcoin based on what people perceive is happening rather than what really is. If more people fear their money could become worthless in fiat, they'd find ways to save it, be it metals or crypto. At the same time, that fear could also cause people to NOT inject new money into cryptos.

If Americans elect trump for another term that means they are really idiots. First of all anyone who has seen what has happened to economy and what has happened with freedom of press and many other stuff would easily understand that Trump is not doing well for the country, that is obvious and it affects the whole country plus worldwide as well.

Let's not forget that he is an idiot and a crook as well, he has done stuff enough to be jailed after his term is done yet Americans allow him to continue running their country, we are talking about a whole nation and its politicians being fine with a criminal at presidency. All these things considered if he is picked once again it doesn't matter who is facing against, he can face you or me and still should lose but if he wins than the world is simple screwed.

I don't think Trump is responsible for everything people blame him for. Fact of the matter is that the US was going downhill in some aspects before he was even elected as president. People point at Trump because the situation is seemingly getting worse within his term as president, while I am sure that if we had a different president the outcome would still be the same.

Regarding freedom of press, what has changed that you think is Trump's fault? If there is less freedom of press today, then it's more so related to the social justice warrior attitude that seems to be spreading like a virus globally.

I think bitcoin is helpful for a sanctioned country. Bitcoin cannot solve all the problems of a sanctioned country. But at least it can simplify evading sanctions. Usually bank sanctions are the most strict sanctions. All bank transactions are traced by United States government. But the government is not able to trace every transportation. The biggest difficulty of a sanctioned country is evading bank sanctions.
If sanctioned are imposed to country, no bank will make the transactions for what they buy or sell. If this problem is solved, be sure they will find a way to shift the goods overseas. Countries usually do not sell goods to sanctioned countries, because they cannot be paid. If they can be paid, be sure they themselves help the sanctioned country shift them.  

I think the more likely scenario is that people do not touch crypto at all, and why would they? Most of the riskier assets like stocks will be sold off hard, so if people do that, why would they pump money in crypto instead of taking it out?

People can hype up Bitcoin as much as they want, and to some extent I can understand all that, but our thinking doesn't align with how the rest of the no-coiner world thinks. It's something people here shouldn't underestimate.

Most no-coiners just can't get to understand why Bitcoin is worth $10k without anything really backing it. It's healthy skepticism if you take into consideration that they are used to government issued fiat and stocks with an underlying business

Even though it is not central , at the same time it is problematic when we think about bitcoins being used in these countries it runs into greater depths in the economic of the major countries there are so many people using it and even though they tell how they will ban it somehow it won't work , when we consider the war between the China and the US we should understand that both of them actually want to attain stability... None of them will engage in an all out war because both of them are major power I'm different sectors , whatever they have is normal , it is bound to happen ... That's been going for years and I don't think why it could heat up Bitcoins.

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I really don't see a favourable direct correlation between economic war and bitcoin price.
Bitcoin in its current form is still too small to be used as an economic weapon between such big economies as China and the U.S.
As both trade blows, international investors would divert their portfolio to low volatility (perceived) safe assets, such as gold, Japanese Yen and the Swiss Franc.
A portion of that might actually be diverted away from BTC, diminishing liquidity, but as a marginal fraction.
Bitcoin's lack of central authority is what gives it its resilience, but at the same time prevents its stability. Nothing to do with adoption or externalities. Its pure supply and demand.

And why are you trying to generalize the consequences f trump’s action on the world, whatever will come out of his action, it will only have effect on the economy of America and Americans themselves because gone are the day when countries are relying on America for everything, right now, they have the power to do things themselves and if not because they belong to a group that has made us powerful, i don't see anything much special about their government.

I am not so sure that people would be stupid enough to put him in the second term again, in this little space of his, how many world countries has he had issues with, now its china again, he think china is like other countries that he can bully. Look at him coming on twitter to talk rubbish about bitcoin for what he lacks the knowledge of.

First of all bitcoin is a business and knowing trump as a businessman not sure if he really meant that about his actions talking shit about bitcoin, while in his position to his second term it's still questionable whether the people around him will give enough votes to pick him as the State president, we are in this new generations where everything is about how to make something good with their investment.

His action's will reflect right away with how the government will embrace his ideology, it will getting more worsen if he able to win again.

Bitcoin will be never stable even when China and the USA stop their international conflicts. I am not sure that they really have a great effect on the cryptocurrency, as crypto is used globally. Besides, recently, Mr. Trump inspired fans of Bitcoin.

The information appeared - he is supposed to invest in Bitcoin really much soon. On the other hand, Chine is working on its own crypto successfully.

Media has been doing this for decades now. The difference is back in 90's people didn't know if the media was telling the truth or was telling a lie, there was no way to fact check them or really go into detail yourself so you had to believe them or just not believe them all together, you couldn't pick what was true and what was a lie.

Nowadays tho we have social media and everyone has internet in their hands which means they can watch the news or check what media is saying and they can talk with other people and see the differences. People have opted to do their own research on many topics and provide proof to others about it which means there is no more lies fed to people who do not want to, you can still be an ignorant person watching TV all day and believing the media but if you are even slightly smarter than that you can check if what you are told is true or not.

How can you be so ignorant to think that countries do not rely on USA, they do not rely on their government of course, nobody wants american government, doesn't matter the president, it could be ANY of the candidates (which there is at least 10 seriously trying) and none of them would be good enough to make me like the USA government.

They all suck and I hope they stay away from other countries and do not interfere with any other countries deals. Yet we do rely on their companies, like we do rely on apple to bring us new phones, we do rely on google to give us answers, we rely on facebook for communication. These are just tech ones, there are thousands of american companies we want to stay in touch with, we are willing to pay for them. That is the relying on USA part that still continues.

I agree that that is likely. Many would probably just try to get their money out fast and hold on to it for their day to day expenses. Might make it take longer to hit another ath if people also start taking out their crypto money.

Today on television news, Trump suggested that the Chinese government conclude a trade truce. Most likely, it will be so, because in a trade war both states will inevitably weaken.
In this war, these states are unlikely to use bitcoin or another cryptocurrency. They are trying to get around this with international sanctions using cryptocurrency. Therefore, I do not think that in this war, bitcoin can significantly increase in value.