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January 26, 2017, 03:28:31 PM |
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Plenty of big macro stuff in the air that will impact Bitcoin, from Trump presidency to Euro wobbles to all things China. Thought this could be a thread to encompass that.
Something that comes to mind is the Trump administration beginning to talk the dollar down. That could, and should, lead to a reaction from China specifically. As part of what is looking increasingly like a trade war scenario, the Chinese may opt to violently devalue the Yuan. They would need to keep a lower Yuan to remain competitive with other export driven Asian countries.
Anyone think this is likely?
The impact on bitcoin should be to increase the price significantly. Would also increase capital flow out of China and perhaps lead to more capital controls and subsequent PBOC fud.
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