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You are here: Home / Archives for deoreciation

deoreciation

FXCoin Analyst Believes Weak Yuan Could Strengthen Bitcoin

June 1, 2020 by Richard M Adrian

Economic sanctions against Chinese traders are likely to weaken the value of the Chinese Yuan. As a result, Bitcoin’s (BTC) value is likely to strengthen. This is according to Yasuo Matsuda, a senior strategist at FXCoin.  COVID-19 Caused a Domestic Recession Speaking to Cointelegraph Matsuda noted that the Yuan’s depreciation would easily lead more Chinese […]

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC), chinese traders, Chinese Yuan, COVID-19, deoreciation, economic sanctions, US

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