China is shutting down cryptocurrency exchanges and outlawing initial coin offerings. But China’s attack on cryptocurrencies will not succeed, Dollar Vigilante Jeff Berwick tells Silver Doctors.
As long as the Chinese people have access to the Internet, they have access to Bitcoin, Jeff says.
On the news coming out of China, Bitcoin has had $1000 price swings. With such volatility, can Bitcoin ever be money? Yes, Berwick says. “It has the potential to take over and destroy all governments and central banks on earth. And as it does, the volatile things will be the fiat currencies which will be in full collapse mode in the next couple years.”
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