How did you forget Gold here? Gold is the most widely accepted hedge instrument worldwide right at this moment and if you look at the chart of Gold price for last two years, the fact will become as clear as daylight!
Lately, China has pounced onto opportunities like this to sign agreements for currency swaps to "help"
these countries. Do you think this might have a huge impact on the decline for the demand for bitcoins and also a drop in the price?
Let's discuss.
I wasn't aware that China offered such kind of help to these countries badly affected by Hyperinflation! I am sure, they are trying very hard to become the next superpower of the world. But I fail to understand its impact on bitcoin, seriously! Bitcoin is no way tied to such national currencies in a way that will effect the price of it! Gold can receive some impact because countries still rely on gold as a reserve asset, but certainly not bitcoin!