Now the Chinese-Twinn relations are an explosive node and China can not only introduce the embargo for deliveries, but also try to carry out the full sea blockade of Taiwan, explained to Ju-Chun. According to the politician, this will lead to hyperinflation, and the country’s economy will immediately collapse, like its currency.
Against this background, bitcoin can become “digital gold” or “digital silver”, which will ensure financial stability in the event of an embargo, believes in Ju-Chong. The parliamentarian said that Bitcoin has a fixed offer, decentralization and resistance to censorship, which makes it an ideal tool for hedging of economic and political risks.
“I do not claim that bitcoin can be a solution to all our problems. I propose to the government to invest a small part of our reserves in bitcoins, since bitcoins are a gold of the digital era. It is impossible to impose an embargo on him, ”said to Ju-Chong.
In the case of a full -scale invasion of China to Taiwan, many citizens of the country will try to try to leave the island, and cryptocurrency will allow them to maintain part of their condition.
“Millions of Taiwanese who try to escape from the country will not be able to take anything with them. They will be ruined. If only they do not have savings in bitcoins. It is easier to sit on the plane, having twelve words in your head than with gold or dollars in the luggage compartment. Bitcoin allows you to leave the country with all its wealth, ”the deputy announced.
Earlier, the Taiwan Ministry of Digital Technologies reported work on the creation of a state digital wallet based on the Ethereum. The new digital product can be launched by the end of 2025, officials promised.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
