[2017-02-03] Bitcoin Price $2000 Is Just Starter, Unless Compromise is Reached

[Slow death]

Bitcoin Price $2000 Is Just Starter, Unless Compromise is Reached



As the price of Bitcoin is climbing slowly, a compromise may have to be reached in the face of the unfolding situation between a Donald Trump-led US and China for the earlier projected $2.000 price range for Bitcoin in 2017 not to be just a starter in months to come.


A looming trade war between the two countries would favor Bitcoin. However, the extent to which the war would last will only be determined by which of the leaders of the two biggest economies in the world to back down first on their policy statements.


Another considered scenario could be that the US would make efforts to contain China. According to Victor Zhikai Gao, a leading Chinese expert on international relations and chairperson of the China Energy Security Institute, this could backfire and escalate the doctrine of mutually assured destruction.


The state of the US-China relationship


So far, the US-China relationship has had some tension in the last few days. The new US president has signed into law a new national day of patriotism, and in a separate statement on the White House website, said he intends to develop a “state of the art” missile defense system to protect against attacks from Iran and North Korea. In response, Iran is planning to dump the US dollar now.

https://cointelegraph.com/news/bitcoin-price-2000-is-just-starter-unless-compromise-is-reached

[Dmitry.Vastov]

Do you think the price may reach $2000 a piece. I will not believe that until we reach the all time high. We almost reach the all time high the last time we pump. And the PBOC started to do some actions to regulate. But we really cant say whats the outcome of price and i dont see the connection of this political tentions between this two country that will directly influence the price of bitcoin.

[cr1776]

Do you think the price may reach $2000 a piece. I will not believe that until we reach the all time high. We almost reach the all time high the last time we pump. And the PBOC started to do some actions to regulate. But we really cant say whats the outcome of price and i dont see the connection of this political tentions between this two country that will directly influence the price of bitcoin.

People didn't think dollar parity would be reached, and then didn't think it would stay. And didn't think $10 was sustainable.  Or $30. Or $100. Or $500.  :-)

Time will tell.

[cpfreeplz]

Lol the world's 2 biggest economies. USA absolutely hates being #2. They're just flipping out trying to catch up when they've fallen so far behind. Absolutely this will help the price of bitcoins! The USD is going to devalue and devalue even more it's great for us.