Trade wars can be terrible for pretty much every sort of good and resource. Items can get overrated and additionally undersold. Ventures can lose access to items, undermining their business. Stocks can lose an incentive as financial specialists become terrified that a downturn is not too far off.
Bitcoin is another sort of advantage, and it might have an opposite relationship to the US/China tradee war to that of customary resources.
Bitcoin is another sort of advantage, and it might have an opposite relationship to the US/China tradee war to that of customary resources.
In the case of the American trade war with China, America controlled the currency used for trade while China dominated its trading volume. What America is doing now is to disarm China one by one so that it becomes weak, by:
- Tariff war
- quantitative tightening strategy
- dollar go home strategy
- tariff war
- instability in Hong Kong
- attacked through its industrial energy supply
- containment
If China buys Middle East oil 30% more expensive, so America attacks Chinese energy sources, automatically if the price of oil purchased by China is more expensive, then the price of Chinese manufactured goods is also more expensive. With the tariff war, the prices of Chinese products entering the US are also more expensive. The aim is to drive American domestic manufacturing and industry
The issue of a trade war has absolutely no significant effect on bitcoin, only with the signal that the trade war continues to place a slight fear of future business and stock prospects because the trade war is correlated to a slowing global economy. This momentum provides positive sentiment on crypto assets, especially bitcoin as an alternative investment trend other than gold. Market reactions correlate in various periods depending on external factors.
