Bitcoin Could Be Chinese ‘Weapon’

[Ebede]

Just this morning I read the headline from Yahoo Finance call Bitcoin Could Be Chinese ‘Weapon’.
https://finance.yahoo.com/news/paypal-co-founder-bitcoin-investor-215101452.html

We know a lot of bitcoin in China, but if that's true, how can they turn bitcoin into a ‘Weapon’.
How does it affect the world?
And will countries in the future start competing for Bitcoin with each other

This is amazing that China can they turn bitcoin into weapon, bitcoin is a financial weapon only if you direct it for proper direction, when saying that bitcoin can turn to weapon it hard me to understand the scenario but never the less it's something that what discus, every one is here to learn things that are foreign to he or her here, and it's nature of life, bitcoin turning to weapon is something we have to understand the possible way such can happen.

[conected]

China does have alot of bitcoin but those bitcoins belongs to investors, not the government. And the Chinese are human as same as us so there is no reason to use bitcoin as a weapon. They only care about making more money with cryptocurrency.

Moreover, how can bitcoin becomes a weapon when it is not recognized by the government or any authority? I think people just scare of the China and that is why they make this nonsense article

- The Chinese government may not own too much bitcoin but with the economic resources of tax revenue, if they are more ambitious in bitcoin, they will easily achieve the required amount of bitcoin, necessary here means a super big whale, expanding financial warfare, absorbing economy from other countries through bitcoin price controls, many investors went bankrupt due to such manipulations. But perhaps a financial weapon like bitcoin has gotten too much attention from governments, they will always be ready to prevent the invasion of the Chinese government

[Argoo]

Just this morning I read the headline from Yahoo Finance call Bitcoin Could Be Chinese ‘Weapon’.
https://finance.yahoo.com/news/paypal-co-founder-bitcoin-investor-215101452.html

We know a lot of bitcoin in China, but if that's true, how can they turn bitcoin into a ‘Weapon’.
How does it affect the world?
And will countries in the future start competing for Bitcoin with each other?

Yan - SnapBots.

China was the one of the most big markets, people and also economy, they have future plans ahead and when you said "weapon" about bitcoins, Do you mean is they can overwhelmed  other countries that holding bitcoins also, well in the near future fiat is gone and china knows about that.

So far, China and some other states, such as Russia, use the yuan as a financial weapon to counter the US dollar. Today I just read in the news that after international sanctions related to military aggression against Ukraine and the seizure of its territory by military means, Russia invested a lot of its money in the Chinese yuan, but this has so far led to the fact that it has lost about nine billion dollars from for the depreciation of the yuan. However, she has no choice but to continue investing in the yuan.
Let's see how the official appearance of the digitized Chinese yuan will affect the global financial system.

[bobyhodob]

it makes no sense that bitcoin is used as a weapon especially we don't know the person who made bitcoin where it comes from, which is very unclear

[ecnalubma]

I think he mean about dethroning Dollar versus the Chinese Yuan. If he refers to Bitcoin, China should gain huge of amount of Bitcoin or they should commission a mining army to accumulate more BTC’s. But I think thats not the plan, because when it comes to crypto China is not perfect place for it due to its regulations.

[LUCKMCFLY]

In this article they talk about China as one of the best Bitcoin vs FIAT money strategists:

“[Bitcoin] threatens fiat money, but it especially threatens the U.S. dollar. [If] China’s long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works.”

This stretch of the sea has long been a theater for international politics. The Chinese government sometimes oversteps its territorial bounds, claiming that an extra few kilometers have always belonged to them. A neighboring country in the region, be it Japan, the Philippines, Vietnam, or otherwise, then sounds the alarm bells of sorts.

Source: https://cryptobriefing.com/wnews-bitcoin-threatens-dollar-says-peter-thiel/

Apparently the conflict that exists goes much further than the political one, when one enters the economic field and money is reason enough to fight, everyone wants to defend their interests, some speculations affirm that in a short time the money will be merely digital, El Criptoactivo It is giving a lot to talk about, they are considering it in a very good way and soon there will be more news of this style this April 14, the best is expected.