Bitcoin Forum

The overall context here about China catching up in GDP with the US and the US being each day more limited in the resources to answer this threat. And yes, it is a threat to have a large rival exerting strong soft and hard diplomacy that is not aligned with your interests.

This race, that China seems to be on its way to win despite the imbalances and government methods used, cannot be won by the US doing the same things. As someone said "it is stupid to expect different results doing the same things". I think that Biden´s plan is long overdue for the US. A clear bet on growth to really "make America (the US at least) great again" and so on. However, the effectiveness will be very dependant on how this is really spent and if it is channelled to productive investment and not helicopter money.

More taxes, more government spending, more debt,... Does anyone doubt of the effect this is having and will have on bitcoin price?

china had managed to make friends countries in the middle east now and making businesses and building infrastructures which some countries in the middle east are also benefitting. this is winning them in geopolitics. theories arise already that one day China and their friends will decide not to trust the USD anymore for its devalued. no doubt the price of BTC is also the effect of distributing trillions while there is a pandemic.

China passing in GDP seems inevitable. The US just doesn't have the population base to be able to have a larger economy than China, which has a billion more people in their economy than the US has. As more of the Chinese population moves into the middle class, their economy will continue to see robust growth. It's the same thing that made the US an economic super power. The fastest way to grow the economy is to increase the population base, which would mean increasing immigration.  The US should be taking advantage of this while it's still the primary destination for skilled immigrants in the world.

US became the largest economy on the strength of its innovation in Millitary, Space, Electronics and Software technologies. Almost all of these have now been copied over by the Chinese. They have also been able to replicate and sustain the kind of R&D infrastructure that enabled the USA in the times on cold war. With a disillusioned public that simply doesn't trust corporate American and political American anymore, the US doesn't have the gas needed to compete.

This Biden plan which aims to invest money to "repair" roads and bridges. While this will surely boost incomes and lead to increased economic activity, what America needs is healing, rejuvenation and a sense of purpose that its people were known for. Right now, they are all "hustlers" trying to somehow make something out of themselves and get ahead of the rat race.

it's not about the population. China made portions of their area attractive to investors they just have more money now because they allow investors and companies to move there because of their cheap labor. they also invest and acquire companies and commercial lots in US.  

the greatest achievement they did was when they've controlled the covid19 hence avoiding the recession too. while their economy is booming still and all else are falling apart, it's an advantage for them to push plans.

It's absolutely about population. Just about every mainstream economist agrees that the fastest way to boost GDP is increase the population. GDP growth and population are inextricably linked.  China is no longer the epicenter of cheap labor, it's moved to southeast Asia.  China is outsourcing to cheaper production points to fuel it's economic growth, the same as the US did previously. All developing economies eventually reach the point where cheap labor is needed to fuel growth, and China is now reaching that point, which is why production of textiles has shifted to Indonesia, Bangladesh and Vietnam, among others.  What's fueling China's economic growth more than anything else is hundreds of millions of people moving into the middle class, because again, GDP is all about population size and technological advancement.  No matter how technologically advanced the US is, it will not be able to compete with the sheer size of China's population, which is 4x our own.

well India has the 2nd largest population. they should be the 2nd largest economy by now?
but i do think india is becoming rich. they are now starting to have a ton of businesses moving in the country as well, they are copying the Chinese way of doing things which manufacturers are moving into them as well.


China will not engage in war though. there won't be money to make there and one way for them to pay the debt to China i guess is to devalue USD.

China will inevitably overtake the US and become the world's first economic power, it's only a matter of time no matter how hard the US and its vassals try to prevent this from happening. In its desire to be the dominant world power, the U.S. has simply spent itself on completely wrong things like all the wars they have started or participated in them, and I’m not just talking about military but also economic wars.

What is happening in China today is not the result of a decade-long policy, but a policy that has lasted for at least the past 50 years. While Americans spread their bloody democracies around the world, the Chinese built high-speed railroads and super-high-speed trains, and today they are the leaders in the world with nearly 40 000 (https://en.wikipedia.org/wiki/High-speed_rail_in_China[/url) km of high-speed railways and state-of-the-art trains. This is just one example of how money is spent on the right things, and there are a lot of them in China (https://en.wikipedia.org/wiki/South%E2%80%93North_Water_Transfer_Project), regardless of the regime.

At this point, it doesn't even matter if it's president Biden or Trump, the only difference is that the predecessor was an eccentric character who loved to be the center of attention, while the current president is in such a state that he has trouble climbing stairs, let alone that it would save America from sinking even deeper.

China has a solid economy with a clear vision, a human potential that far surpasses the US and does not throw trillions into the wind just to stay afloat - and in terms of political structure, it is both a blessing and a curse, depending on the angle.

According to the statistics which I read on Wall Street Journal, the US is still the leader with high GDP and avenue. Even though the pandemic causes repercussions to the US economy, the recovery happens quite fast. Biden pledges to make the US economy stronger and fight against the China. This could be great news to us

However, the power has shifted from the western to the eastern and as you can see, many Asian countries are capable of advanced manufacturing and producing. The process may take longer but it is hard to deny that the China has the capability to reshape the economy. On the other hand, technologists and businessmen try to flatten the world with integrated products that make people more connected to each other despite the distance. Moreover, no one likes China at all. They are so selfish and arrogant.

This could be a chance for global development to rise, including bitcoin.

I dont know about Bitcoin price but investing in infrastructure always brings profit fro the country. It is much better investment then to buy tanks or give money to bankers.  Question is more if this is enough or if it is right infrastructure. This plans were in drawers fro many years so it is definitely not a question if it is right time. Better time then now was 5 years ago.

It looks like it is not going to beat China. Precisely if China has grown so much it has been to the extent that it has been moving away from socialism and into the market economy. All economies that go through this transition grow, all of them.

Instead, Biden is taking the opposite path, where increasing taxes to increase spending means transferring money from the productive sector to non-productive sectors with populist political spending measures. Moving from open economies to intervened economies, increasing spending, etc. has the opposite result.

China is going to win the battle against the United States and it won't be long now.

Biden wants the $ 2.3 trillion in spending for the draft budget he wants  to target for infrastructure upgrades. and it turns out that this enormous expenditure was followed by a tax increase on business actors. In his speech I still remember when Biden called for a tax increase of 21% to 26%, a burden that will be borne by one party.

then on the Chinese side where Pompiano once criticized Michael Green statement, Pomp said that "Bitcoin is the strongest network in the world with every measure". continued Pomp's statement the conclusion of Michael Green is very flawed, because the geographic distribution of the Bitcoin Hash rate represents its capacity for countries that exercise control over the network. that way the dispute between the two countries is still the spearhead that determines which direction bitcoin is being played with.

If we talk about the relationship between the policies of the USA government that China is pursuing for its GDP and Bitcoin at this time.  So Bitcoin is a solution for people to secure their assets.  Because if viewed at this time, the tax policy regulated by the government will be burdensome for company management, the impact is to increase the price of their goods or services so that their obligations can still be accommodated.  On the other hand, there is a government fresh fund policy for a pandemic worth trillions of USD.  So with the large amount of money in circulation, this will trigger hyper inflation in society.  Bitcoin which can be a safeguard for people's assets today because of its value that is not affected by inflation and will continue to be in demand because of the conveniences offered that transcend national borders in general.  This is in my opinion how Bitcoin contributes to current government policy ..

Bitcoin is in the eye of almost all country at the moment and no country would like to have a policy that will go against the flow of bitcoin investment especially the adopting countries already

I find it hilarious that so many people here think that China can overtake the USA that easily. If it was that simple, they would have achieved it ages ago, but it isn't.

Biden is basically reversing all the damage that Trump caused during his tenure step by step which is helping the country grow in different areas due to which the USA will continue to stay on top in my opinion.

Both Russia and China are duking it out to overtake USA, but I doubt they can achieve that unless the USA implodes from the inside.

First: I would like to say that the obsession with control of the United States makes many American presidents and politicians always commit the same mistakes. Certainly, the first goal of any new American president will be to restore the United States to its first place in the world, militarily and economically, but the economic situation now in the United States is very difficult and it will be very difficult for the US president-elect to face all these challenges.
Of course, they will resort to making a lot of harsh decisions, and these decisions will certainly affect the price of Bitcoin, they will certainly impose more taxes and strict regulation on cryptocurrencies, and these measures will certainly have a negative impact on the cryptocurrency market.

Biden infrastructure investment is Biden wants to repair roads and bridges it's about $2 trillion budget. In my country, govt. does this type of work all over the year and it most important for economic development, people's deluxe travel and so on.

The US government collects road taxes, water taxes, telecom taxes, gas taxes, energy taxes. It collects many different taxes which are supposed to be utilized to maintain and upgrade infrastructure.

The problem in america is those taxes have not been spent towards infrastructure upkeep for decades. And were instead diverted towards war in the middle east and other dubious causes.

Failing infrastructure has been a hot topic since Obama was in office more than 10 years ago. Its been a relevant topic since George W. Bush was President. The hurricane katrina disaster and flooding in louisiana of 2005 occurred partly due to funding utilized to maintain levees being instead diverted to the 2nd iraq war effort.

Infrastructure are also the main project of our own government, it looks pretty good because it can increase the speed of deliveries and in terms of calamities, you can easily help people. I see the budget allocation on the $1.5 Trillion Skinny Budget of Biden separate from his infrastructure plans, education and the commerce are on top on budget allocation. More taxes, more budgets and yet they print a lot of money recently, this could trigger an economic crisis very soon.

I think the infrastructure plan is good and needed. I don't think it has much to do with China, though. To combat China, the US must onshore production and jobs, and for that you need companies to want to do it, to be patriotic, a bit like Japanese companies are. And of course, you need consumers to want it too, and to buy stuff not made in China (not necessarily made in USA, mind you, but in let's say democratic countries).

Biden will be the same like United State president before because not make bitcoin as legal currency transaction payment, now many time Bidden try to make fud or talking bad with bitcoin or altcoin. Maybe United State have make new regulation about bitcoin and give space for United State citizen how to adopt and can invest more in bitcoin or altcoin.

Since, I do not live in USA I don't really care what they do with their debt, but it does impact our lives time to time, a product from USA, like for example iphones lets say, means that if I want to buy that, it should probably go higher in dollar value because apple will want more money since there is a bad debt and inflation situation going on, but our fiat is not growing stronger neither which means I will not be able to afford one, I haven't been able to for a long time now.

This is why I think it is bad, and I would love it if they could spend it on something good, but they are spending 750+ billion dollars on military when they could make all public schools free, all lunches free for kids, basically improve the lives of next generation and grow bigger, but they do not do that, they do roads... that is why I think it is impossible for them to grow better.

Of course everything has something to do with China trust me, US doesn't want to be toppled in their high horse by other superpowers. The problem with this infrastructure investment is that these kind of things are going to be filled with corruption/lobbying, I am sure that they made a very hard game with lobbying the right people in this investment.

Do you think such battles take place in a short period of time? Well, here we are talking about decades of policies in both countries, which are already showing their results - but that does not mean that someone will beat someone economically tomorrow or in a few years. The strength that China has is primarily that their policy is constant - because the Communist Party adapts, but never deviates from a firm determination of strategy - and can anyone even compare the policies of the former and current US president, or the one who was president before them?

Some facts you should know about China, in addition to the ones I wrote in a previous post.


This is only a small part of the impressive statistics that show that China is already ahead of the US in many things, it is only a matter of time before it will definitely become the world's leading power - much to the displeasure of many who fear it.

This is real data from the success of the Communist Party in adapting to the development of the world economy.  I see that in fact today China is no longer a perfect communist country but rather a Capitalist Communist.  Why do I consider China to implement a Capitalist Communist, because they free all citizens to manage their resources but still closely provide policies for society to explore.  China continues to create a monopoly on the world market so that China can control the economy of the country within the country.  For example, my country's economy is also controlled by the Chinese state, either by company or by indirect policy.  I also see that the Chinese government is clearly very protective of its people even in cases of theft with other countries.  This is the basic reason why in the future China will dominate the world economy and become the owner of the largest economic value.

China becomes the supplying hub to the entire world, if there is some issue in China it can effect the global economic growth which shows that China is over dependent on other countries because they are making money from the investments made by the companies all waround the world which is what US is trying to break after the covid 19 issue. I am not really updated how these things are going but many companies planned to move their manufacturing plant to other developing countries which is having similar resources like India so China's growth will take a leap for sure.