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Topic: [2018/07/10]Why The US/China Trade Wars Could Be Great For Bitcoin Prices (Read 132 times)

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Why The US/China Trade Wars Could Be Great For Bitcoin Prices

Read more here: https://cryptopotato.com/why-the-us-china-trade-wars-could-be-great-for-bitcoin-prices/
Author: TOJU OMETORUWA


Opinion – It has long been known that the financial world is highly interconnected with politics. Decisions made between countries can often have a large ripple effect on the prices of stocks, commodities or other assets.

Cryptocurrencies are no exception, and as the upcoming trade war between US and China begins to take hold, many wonder whether Bitcoin prices could be affected by stricter tariffs imposed on Chinese imported goods to the US, particularly as we consider the correlation between fiat currency values and crypto prices, in addition to China’s massive influence over Bitcoins mining operations.
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