[2018-07-10] Borderless & Neutral Bitcoin Attractive in Global Trade War

[Jgilpulg]

The trade war initiated by President Donald Trump against China, Europe, and other countries now seems unstoppable, and it is only gaining momentum. In effect, China alleges that the U.S. has triggered “the largest trade war in economic history.” 

https://bitcoinist.com/inflation-resistant-bitcoin-attractive-trade-war/

[richardsNY]

It's pretty interesting to follow the value in USD blocks push through on a daily basis, where today we had one block containing +$1 billion in value. The highest ever single block value measured in USD is $3.55 billion on December 18th of last year during the rally. The highest ever single block value measured in BTC is 6.5 million Bitcoins and dates back from 2016. In today's value that block would be worth $41 billion. Imagine how much value blocks will push through when governments start getting involved, or major companies trying to get rid of financial institutions that usually would process their transactions.