Currencies are all about confidence. I think the Chinese crypto will have an impact on the USD. As for Bitcoin, I think the effects will be minimal. After all, one still needs to trust the Chinese government since they are still in control. That is why decentralization is so powerful; Bitcoin was made to be trustless.
Ultimately, the publicity could actually bring more people to crypto. As they get use to hearing about it, it won't be so foreign to them.
Posted Using LeoFinance