US-China Trade War Makes Bitcoin More Attractive to Investors

[Wintersoldier]

This is not what makes Bitcoin attractive to investors, but its value.

Then try to dig deeply, how does value of a certain cryptocurrency could be shaped in the cryptospace? For some reasons, a big news or event might shape it. In terms of what happened to US-CHINA trade war is that, they are trying their best to be one of the best country that will lead the cryptospace. In this case, market adoption would takes place for remote cities, and even other countries could be influenced, as a result, bitcoins demand will increase, so as its market value.

[enhu]

There were theories however that allegedly its the US that is behind all the protest in Hongkong. I know is not something to subscribe when its just rumors but knowing all the things happening I will actually think of its possibility, the idea isn't even from me and I have read people's comment about it. Since it always happen that when US interfere countries' internal affairs its going to end messy the only difference with China is that they can't just go interfere there.

Hongkong people are somehow buying BTC though its not really that huge as what is being told in the news site. It can be considered an amount. But as for now the US-China trade war isn't affecting but if it resulted to actual war, people will panic to buy BTC, not only the Chinese but probably all.

[alexsandria]

I dont know man, but i think US China trade war really affects bitcoin or make it attractive to investors. The reason is that wr don't have any proof or evidence to validate that kind of claim. I think it is only true on gold people on that kind of situation might run into gold rather than to bitcoin, considering not all people knows about bitcoin.

[Kyraishi]

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

I think any sort of drama between countries, especially 2 big ones is good news for Bitcoin, due to the aspects of it which directly contest centralised currencies.

There are theories, with decent proof that says that the US is behind the China VS Hong Kong war, but it is dodgy and we'll likely never know the truth.

Looking at the price trends, we know this doesn't affect price that much at all - BTC has been fairly stable these past days and I wouldn't say the trade war has an affect on price.