"The Impact of Sino-US Nuclear War on the Monetary System and the Fate of Bitcoin"
If a nuclear war breaks out between China and the United States, it will inevitably cause extremely serious damage to the monetary system, and existing currencies will hardly function normally. From a theoretical perspective:
First, physical currency, such as gold and silver. In extreme cases, physical currency may retain a certain value. Looking back at history, precious metals such as gold are often regarded as assets that preserve value during turbulent times.
Once a nuclear war breaks out, the financial system will collapse, and the credit of legal currency is likely to suffer a huge impact. Gold and silver have intrinsic value and are easy to preserve and exchange. People may return to the barter model or use physical currency. However, in the harsh environment of nuclear war, obtaining, transporting and keeping physical currency will also face huge difficulties and risks.
Second, virtual digital currencies such as Bitcoin (this is highly controversial). Some people believe that decentralized virtual digital currencies such as Bitcoin may have a certain "survival ability". The reason is that they do not rely on the centralized banking system, and as long as there are nodes running in the network, transactions can be carried out. However, a nuclear war would have a devastating impact on infrastructure such as electricity and communications. The transaction of virtual digital currency depends on the Internet and electronic devices. In the absence of stable power and network support, its use will be greatly restricted. Moreover, in such extreme cases, whether the value of virtual digital currency can be widely recognized is also an unknown.
But it must be emphasized that a nuclear war between China and the United States is an extremely terrible and almost unimaginable scenario, which will bring great disasters and suffering to mankind and lead to the complete collapse of the global political, economic and social order. In this case, discussing what currency to use is actually very limited. We should always be committed to maintaining world peace and resolutely avoid such tragedies.
Conclusion:
If a nuclear war really breaks out between China and the United States, the value of Bitcoin stored in the USB flash drive will inevitably be extremely affected, and it can even be said that there is great uncertainty in its value.
