{"id":397444,"date":"2019-10-03T09:21:03","date_gmt":"2019-10-03T09:21:03","guid":{"rendered":"https:\/\/wncen.com\/?p=397444"},"modified":"2019-10-03T09:21:03","modified_gmt":"2019-10-03T09:21:03","slug":"do-china-investment-restrictions-set-the-stage-for-a-bitcoin-boom","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/do-china-investment-restrictions-set-the-stage-for-a-bitcoin-boom\/","title":{"rendered":"Do China Investment Restrictions Set The Stage For A Bitcoin Boom?"},"content":{"rendered":"
According to sources close to CNBC<\/a>, the White House considered blocking US firms from investing in China. Shares of major Chinese companies dived on Friday, as the rumors gained traction. However, shortly after this, the US Treasury<\/a> waded in to quash the rumors.<\/p>\n All the same, with trade talks due to resume on October, 10th<\/a>, the uncertainty is casting doubt over a resolution. This latest debacle, from the White House, has only served to inject more anxiety into the markets. But worse than that, it will have damaged what little Chinese affability remains.<\/p>\n That being so, could deepening trade tensions<\/a>, and the looming global recession, be the catalyst for a Bitcoin price boom?<\/p>\n Shares of Alibaba and other major Chinese firms took a hit on Friday on the news of plans, by the White House, to restrict US firms investing in China.<\/p>\n <\/p>\n Among the options being discussed is the delisting of Chinese companies from US stock exchanges, and the limiting of exposure to the Chinese market via government pensions funds.<\/p>\n As of now, how this will happen is still up in the air. However, an unnamed source, close to the discussions, claims President Trump has already approved talks on how to take this forward.<\/p>\n But following these reports, Monica Crawley, a US Treasury official, downplayed these rumors by emailing a statement that read:<\/p>\n “The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time.”<\/p><\/blockquote>\n The observant would note that Crawley did not make mention of delisting or limiting exposure. Which has only added to the uncertainty, rather than allay any fears of further protectionism.<\/p>\nWhite House Plans To Restrict Investment In China<\/h2>\n