Could Bitcoin Benefit From A Trade War?

Story by: Charles Bovaird

As the trade war continues and the Trump Administration continues to impose tariffs on goods from nations around the world, some market observers are understandably concerned.

The U.S. has initiated “the largest trade war in economic history,” China claimed earlier this month, according to The Wall Street Journal.

Could the ongoing tariffs, countertariffs and negotiations cause investors to flock to bitcoin, which has sometimes functioned as a safe-haven asset during periods of economic turmoil?

Analysts are split on how much the digital currency is benefiting from this ongoing situation.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Bitcoin and ‘Economic Uncertainty’

“Bitcoin was forged in the fires of economic uncertainty,” emphasized Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital.

“It was created in direct response to the shortcomings of the traditional financial system. It makes sense, then, that any event that highlights the potential vulnerabilities of a national currency also tends to magnify the strengths of a borderless currency such as Bitcoin.”

Original story: https://tinyurl.com/yanwek4c

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