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RE: China Central Bank Advisor: "Bitcoin As A Currency Could Collapse Entire Economies"

in #bitcoin9 years ago

That would be great if they did. The price would go to the moon. And no reason for them to shuffle it back into constantly devaluing fiat currency to try and save the world banking cabal. So at worst you might have a big surge in bitcoin, then relative price stability as some kind of equilibrium is struck once the dollar, and thereby most of the rest of the worlds fiat money craps out.

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