US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
Trade wars has actually benefited cryptocurrencies. With companies unable to trade directly with banking system, they'll do so with crypto.
There are many companies in between Huawei and US tech companies that would benefit from the indirect trade fueled by bitcoin and crypto.
Trade embargo has always paved new roads for crypto.