As a fellow investor I have a question regarding the stock trade war and crypto Specifically the ones focused in China
Do you guys think trump’s trade war will have a negative effect on Asian based cryptos or will this be a positive indicator that US will fall behind in tech?
There’s already a ban on BTC in China do you think this will enlighten the decision as investors will need more sources to store value?
Very curious to see what the community thinks
(This relates to TheKey because it is already hard to be obtain I wonder if this makes more of an obstacle or does it open the door for the project as a whole)
Posted Jul 25, 2018, 6:26 PM UTC
58
Generally speaking the west's approach is more profit first with utility and innovation a spin off (e.g. energies towards bitcoin are directed at making it an effective store of value or financial instrument) and the asian approach is to build from the bottom up focusing on the how this technology can be used to create smart economies. Trade war or not I expect them to continue to forge ahead and over the next 2 to 5 years believe they will dominate. Sanctions and tariffs will only serve to sharpen their focus even further imo.