Is it so damn hard to link to the article?
https://www.thelondoneconomic.com/prices-markets/retail-investors-increase-gold-bitcoin-positions-as-us-china-trade-war-escalates/29/08/Here is the so-called data from which the author draw his conclusion
Graph: Percentage change in daily gold and bitcoin positions on eToro since 1 January 2018.
Probably I need some glasses anyhow but I really can't see in that graph the change that would trigger such claims.
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.
Unfortunately, it is doing so slowly it makes you think nothing really happened. Those few hundred dollars ups and downs are nothing compared to the scale of global finances from which you can draw only one conclusion, people that really buy
BTC and not some CFD are still a minority, a very small one.
i don't think any of these reasons had anything to do with bitcoin price rise. bitcoin price is rising regardless of these irrelevant news specifically the Chinese thing with their centralized government-coin that is damaging to the whole scene.
cases like US China war only have a small impact on the price as we can see in the insignificant rises that bitcoin has in the past 2 months that this war is heating up.
It's all about what graph you read and what time period you choose.
You look at the last two month, nothing happened so there is no effect, you look at the last six months and you see huge growth and there you have it, you can claim there is an effect.
And since the us-china trade drama has been going for more than this you can blame anything on it, even if it's not really related.
But people always feel the need to explain why things happen and uncover somebody to blame for it.