Bitcoin Price May Skyrocket If China Starts Selling US Treasuries: Forbes

Now that the US prepares to impose new sanctions on the nation behind the Great Wall of China, Bitcoin may well become a new gold, literarily, assumes Forbes in a recent article.

Since the trade war began, many Chinese investors already started hedging their risks by entering crypto. Now, whether this large scale Bitcoin rally will go on and on will depend on whether Chinese government will decide to sell the US Treasury bonds back to the issuer.

For a very long time, US Treasury bonds have performed the role of the store of value when uncertainties rose between major countries, such as trade wars or other geopolitical issues.

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