Bitcoin: the lifeguard in the event of a trade war

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3 years ago

The  interest in criptomonedas has grown considerably in recent weeks. While halving has been a sizable factor in the rally in crypto investments , geopolitical tensions are once again at the center of the scene. World leaders, notably Donald Trump, want the Xi Jinping government to be investigated into the origins of COVID-19, and the investment world sees the crypto ecosystem as a good haven for its assets.


The CEO and director of the investment platform Concentrated Leaders Fund, David Sokulsky , highlighted the risks of a possible trade war between the main world economies and its possible effects for the crypto market . In the framework of an interview with CNBC, the analyst assured that "a gloomy geopolitical climate" could further slow down world economic growth .

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Comments

Thanks for the information..

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User's avatar Arnavaria
3 years ago

Bitcoin is still growing and I think it will not fall in value for a long time

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User's avatar PayCash
3 years ago

A trade war between Uncle Sam and the Commies will bury the dollar together with the economies of the western countries. It would be wise to put at least 60% of your wealth in crypto now.

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User's avatar dep2001
3 years ago

Thank you for the information. I strongly believe that cryptocurrency can not suffer the effect of the war, it is their fiat currencies.

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User's avatar Olad
3 years ago
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