Bitcoin (BTC) might be the single biggest winner of the US China trade war that has left investors completely perplexed. The stock market is completely clueless as to what Trump might to next to escalate the trade war. This has created a serious trust deficit as far as stock marketing investing is concerned. Prospects for interest rate hikes at this point look promising so investors did not mind pulling capital out of the stock market to put it back in their bank accounts. However, if Trump continues on the same path and the US China trade war escalates further, it will not be possible for the Fed to raise interest rates further.
During times like these, we have seen Gold as the go to asset. However, this time that does not seem to be the case. Gold has lost its appeal and now investors have the option to invest in digital Gold that does not come with the problems of traditional Gold. While mainstream adoption of Bitcoin (BTC) may still take time, Wall Street has already started getting into the game. Why big investors in traditional markets see Bitcoin (BTC) as a valuable investment has more to do than the desire to make astronomical gains. Until recently, big investors in traditional markets were convinced that they were too late to the game so they took the approach of opposing the game. This is because these investors that have created and destroyed markets are not used to being late to a booming market. However, when they realized that it was too late to stop it, they tried to control it by investing in the companies that offer cryptocurrency services.
All of that seemed to work well till the debate was confined to cryptocurrencies. However, now investors realize that the problem is bigger than that. It’s not just about Bitcoin (BTC) or the crypto market; it is about uncertainty surrounding the US China trade war and the emerging currency crisis, the first signs of which we have already witnessed in Turkey, Iran and Venezuela. This means that these major investors will not just invest in crypto businesses but they will also have to buy the actual coins to hedge against a global currency crisis or an escalated trade war between US and China.
Read Detailed Analysis Here: cryptodaily.co.uk/20...-us-china-trade-war/
During times like these, we have seen Gold as the go to asset. However, this time that does not seem to be the case. Gold has lost its appeal and now investors have the option to invest in digital Gold that does not come with the problems of traditional Gold. While mainstream adoption of Bitcoin (BTC) may still take time, Wall Street has already started getting into the game. Why big investors in traditional markets see Bitcoin (BTC) as a valuable investment has more to do than the desire to make astronomical gains. Until recently, big investors in traditional markets were convinced that they were too late to the game so they took the approach of opposing the game. This is because these investors that have created and destroyed markets are not used to being late to a booming market. However, when they realized that it was too late to stop it, they tried to control it by investing in the companies that offer cryptocurrency services.
All of that seemed to work well till the debate was confined to cryptocurrencies. However, now investors realize that the problem is bigger than that. It’s not just about Bitcoin (BTC) or the crypto market; it is about uncertainty surrounding the US China trade war and the emerging currency crisis, the first signs of which we have already witnessed in Turkey, Iran and Venezuela. This means that these major investors will not just invest in crypto businesses but they will also have to buy the actual coins to hedge against a global currency crisis or an escalated trade war between US and China.
Read Detailed Analysis Here: cryptodaily.co.uk/20...-us-china-trade-war/