After thinking for a few days, why does RMB appreciate?

From an economic analysis, we know that legal tender (currency mandated by the government) is a long-term eternal inflation, which is inevitable.

For those who act in the cryptocurrency market, it is not difficult to understand. It is easy to analyze if you only consider legal tender as a copycat currency.

Therefore, the reasons for the rise of RMB may be:

1. The destruction of paper money has temporarily reduced the circulating paper money, but the government cannot control its own hands from printing or credit expansion. 2. A large amount of RMB is hoarded and not released, so the market is temporarily less in circulation.

3. Compared with other legal tenders, it is manipulated to do more.

At present, these situations exist, especially the manipulation of 2 and 3, so those who hold RMB should be careful, as they may be shorted and made into leeks at any time. [Breaking tears and laughing]

At present, we are in the early stage of the legal tender exchange rate war. In the next period of time, the legal tenders led by various governments will be in chaos... How will they hedge? Now there is a sound currency, Bitcoin. [grin][wit]#Bitcoin❗