Trump suddenly blocked WeChat, Alipay, billions of dollars will flow into Bitcoin
Unexpectedly, the term is almost over, Trump’s heart is still focused on Chinese applications and technology enterprises. On January 5, local time, he signed a new executive order prohibiting the United States from trading with eight Chinese applications. The eight applications are Alipay, WeChat Pay, QQ wallet, CamScanner、SHAREit、QQ、VMate and WPS Office. respectively
Although the order requires the u.s. department of commerce to determine the deal to be banned within 45 days, according to a u.s. official, the u.s. department of commerce plans to take action before january 20.
Meanwhile, according to the latest reports, according to bloomberg news agency, the wall street journal reported on january 6, senior u.s. officials are discussing whether to ban investment in alibaba and tencent, the u.s. state department, the department of defense and the treasury are all involved in the discussion.
Analysts Michael Gogel tweeted that the executive order was aimed at decentralized encrypted currencies such as digital renminbi and bitcoin.
U.S. President Donald Trump signed an executive order on Tuesday banning the use of eight Chinese APP, such as Alipay and WeChat Pay, to trade, which is entirely related to digital currencies such as the digital renminbi and Bitcoin.
At the same time, he mentioned the news that China Telecom, China Mobile and China Unicom would be delisted by the New York Stock Exchange next week. He speculated that “what must have happened “, but still thought it was an” interesting turning point “.
As early as September 2020, Bitcoin fan Sylvain Saurel wrote a blog post predicting that Trump would ban these payment applications and how this would boost Bitcoin:
Financial transactions between the United States and China or other Asian countries will have to be conducted through another channel. We’re talking about hundreds of billions of dollars a year.
Not a few days before the new year began, Sylvain Saurel predictions came true. Once the eight APP are banned, especially Alipay and WeChat, Asian Americans and their families living in Asia may be negatively affected. Sorrell had long thought of this:
Therefore, with a total ban on WeChat, Bitcoin can fully meet the needs of millions of Chinese living in the United States. Bitcoin also has the advantage of being completely politically neutral. At the beginning of the new cold war between China and the United States, this neutrality is an important asset.