Quote (ferdia @ Mar 16 2022 12:04pm)
It would require a fundamental shift in Chinese policy, as i understand it, for the Yuan to become prevalent. It does not look like China wants to do this. In terms of Crypto, its a new concept and (correct me now if wrong) it is too volatile currently for it to become a recognised currency of such magnitude that Russia and China would adopt. Ultimately yes a makey up currency may be the future but I don't see that in the next decade (in my opinion).
large scale adoption would put a fairly swift end to major volatility, not that i want that because i dont want world banks to hold a massive majority of BTC. its bad enough financial institutions are whales already.