Bitcoin news: China powers ahead with BLOCKCHAIN technology as rest of the world trails

Patent applications for blockchain, which includes the distribution of cryptocurrencies such as bitcoin and ripple, trebled in 2017 as digital currencies like bitcoin hit record highs. China filed 225 of the blockchain patents in 2017, which was a significant increase from the 59 in the previous year. The US …
Google Alert – bitcoin

Trade war with China could be bad for dollar, good for bitcoin

https://i.imgur.com/dZzteIn.jpg

My preliminary analysis indicates that a trade war could work to devalue the dollar. China has been pegging the Yuan as devalued in relation to the USD since 2001 when they joined the World Trade Organization (WTO). This has had the effect of tilting the whole playing table so that goods "roll down hill" more easily to the US and goods really have an uphill battle getting from the US into China.

Trump is not willing to start off fixing this by devaluing the dollar, so he's using tariffs. But could tariffs have a devaluatory effect on the US Dollar?

If so, bitcoin stands to gain ground even faster than it is now.

See here: https://www.bloomberg.com/news/articles/2018-03-06/a-trade-war-road-map-for-fx-markets-take-cover-find-your-niche

“It’s a bit of a double-edged sword,” said Tannuzzo at Columbia Threadneedle. “The dollar should ultimately strengthen in the short-term against the currencies affected by the tariffs; in the long-run, it could stay under pressure overall because it has to fund large and growing current-account deficits.”

When currency investors "take cover", it would be great if there was a currency that was immune to all this trade war chaos….

Oh wait.

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