Conspiracy theory about currency war causes BTC to soar to $1M.
- The US and Japan equate JPY to a low level so that Japan can compete in exports with China.
- The US has many policies to limit China's growth, and tax barriers make Chinese exports less competitive. However, in reality, China is shifting to two countries, Vietnam and Mexico, costing an eagle's nest for goods that are still exported well.
- The CNY has historically been quite stable with the USD. The Central Bank of China and large enterprises have always prioritized reserves of US Treasury bonds (UST). However, recently they are cashing out this group of bonds very quickly to convert to Gold. Any Chinese state-owned enterprise holding UST is instructed to sell it to buy Gold (Russia's lesson)
- Gold on the Shanghai floor is currently always higher than London, many Western organizations are even shorting Gold to create negative status, the risk of bankruptcy will occur, but it is clear that Gold is flowing from West to East.
- Many predictions in the coming time CNY may be anchored to the price of Gold, instead of basing it on the USD. This may initially cause CNY to devalue by 20% - 30%, good for China's exports and limiting the bleeding trend of investment capital abroad.
- To deal with CNY devaluation, the Fed may be forced to print more USD, which will cause CNY to increase again, but Japan does not ignore it and continues to join hands with the US to further devalue the JPY.
👉 If you look at the above conspiracy theory, it would be very normal if a group of organizations actively reserves Bitcoin ETF. Gold is number 1 (the game of the East), then Bitcoin (it seems to be the game of the West) will do well amid fiat depreciation. So this is the basis for dreaming of Bitcoin surpassing $1M, our job is to just hold on and dream, when we wake up and see the price of $2M it's done.
The picture is that Chinese capital flows to Mexico (white) and Vietnam (yellow) began drawing from Trump's reign.
