https://www.businesslive.co.za/bd/world/africa/2020-01-15-zimbabwe-and-china-sign-currency-swap-deal/
We all know struggling countries with hyper inflation eventually force people to turn to Bitcoin as a store of value to hedge against the drop in the value of their own local currencies.
This has happened in countries like Venezuela / Greece / Cyprus and Zimbabwe and we saw an increase in demand for bitcoins in those countries during these times.
We all know struggling countries with hyper inflation eventually force people to turn to Bitcoin as a store of value to hedge against the drop in the value of their own local currencies.
This has happened in countries like Venezuela / Greece / Cyprus and Zimbabwe and we saw an increase in demand for bitcoins in those countries during these times.
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!
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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.
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!
