Published on September 4th, 2015 | by bitcoin0
Will China’s woes help Gold and Bitcoin?
It seems that every time any market moves, stocks, bonds, oil – anything – China is given as the reason.
How does lower manufacturing output in China justify a big drop in Lowes Home Improvement stock (LOW), or U.S. utilities?
In many ways, the type of crisis that China is going through is exactly what Bitcoin was devised to protect against.
The fact that they have tried to restrict Bitcoin in the past and essentially failed makes that less likely, though, so for now the most likely beneficiaries over time from China’s woes would seem to be gold and Bitcoin.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.