The US-China trade war conflict with China returned to the spotlight after Joe Biden took office. Many are waiting to see what the U.S. administration will decide Recently, Ethereum founder Vitalik Buterin came forward to give his views in his interview with Morgan Beller.
Although the US trade war with China in recent years has had an impact on the world economy, the founder of Ethereum thinks the opposite will happen in the crypto market. According to him, trade conflicts will encourage markets to invest in cryptocurrencies.
During the Trump administration, the U.S. imposed strict sanctions on China. Among them is the ban on Huawei technology. Trump even tried to ban social apps that have 1 billion users, namely WeChat, on the grounds of security concerns.
Buterin also argued that Trump's actions were unjustified. The US aggressive attitude towards technology companies from China will affect many economic players. He added that the ban and the imposition of tariffs to protect U.S. citizens will not bring much benefit. He sees the action as more to protect the interests of the country.
Therefore, he stressed that decentralization is a better step to solve the challenges that are being faced. Decentralization shows that administrators really care about protecting U.S. citizens.
Ethereum prices have jumped to a high of $ 1,810.62 as of 9.30 p.m.
