Topic: US-China Trade War Makes Bitcoin More Attractive to Investors - page 2. (Read 250 times)
September 03, 2019, 11:07:12 PM
Investors always buy Gold as safe haven. They do this for escape way when the global economic and political condition are in full of uncertainty. We can pretend that the increasing market cap of gold and bitcoin will be continue when the us-china trade not end yet. In this condition we have to be more carefull in investing. Stock market is not a good place to invest for now, even nasdaq composite fell to 3.41%.
September 03, 2019, 10:20:10 PM
it is indirectly because of the fact that CNY is losing value against USD. over the past 4 months it has tanked about 10% most of which happened in August. and whenever something like that happens in a country people start investing their money to "keep its value".
obviously bitcoin has always been an additional option although the smallest one for investors, so they start investing their money in bitcoin too. but since it is a smaller scale the price doesn't show it yet.
obviously bitcoin has always been an additional option although the smallest one for investors, so they start investing their money in bitcoin too. but since it is a smaller scale the price doesn't show it yet.
September 03, 2019, 09:56:37 PM
Is the escalating trade war between China and the USA advantageous to the cryptocurrency sector?
"Data from global multi-asset investment platform eToro shows retail investors are opening more gold and bitcoin positions on news announcements of an escalating US/China trade war. Investors typically pile into gold as a natural hedge against macro economic unrest and data shows a correlation between the number of gold and bitcoin positions on its platform. This could suggest more retail investors are starting to view bitcoin as a store of value." - The London Economic
"Data from global multi-asset investment platform eToro shows retail investors are opening more gold and bitcoin positions on news announcements of an escalating US/China trade war. Investors typically pile into gold as a natural hedge against macro economic unrest and data shows a correlation between the number of gold and bitcoin positions on its platform. This could suggest more retail investors are starting to view bitcoin as a store of value." - The London Economic
Whenever something is happening that can affect people and countries either in the economy or politics, there is a strong probability that demand for Bitcoin can go north. This had been shown in countries like Venezuela and other countries which encountered upheavals or even chaos. Bitcoin is slowly becoming the preferred store of value and safe haven. The ongoing trade war is causing a lot of distress which directly pushes some people to buy Bitcoin. However, we should also know that trade war can be causing many problems to affect the global economy. How this possible global slowdown can affect Bitcoin directly and indirectly remains to be seen.
September 03, 2019, 08:30:36 PM
Is the escalating trade war between China and the USA advantageous to the cryptocurrency sector?
"Data from global multi-asset investment platform eToro shows retail investors are opening more gold and bitcoin positions on news announcements of an escalating US/China trade war. Investors typically pile into gold as a natural hedge against macro economic unrest and data shows a correlation between the number of gold and bitcoin positions on its platform. This could suggest more retail investors are starting to view bitcoin as a store of value." - The London Economic
"Data from global multi-asset investment platform eToro shows retail investors are opening more gold and bitcoin positions on news announcements of an escalating US/China trade war. Investors typically pile into gold as a natural hedge against macro economic unrest and data shows a correlation between the number of gold and bitcoin positions on its platform. This could suggest more retail investors are starting to view bitcoin as a store of value." - The London Economic
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