Post
Topic
Board Economics
Re: Bitcoin currency stability
by
Baofeng
on 21/08/2019, 23:54:42 UTC
Bitcoin has started reacting to some economic news that affect USA and other developed countries and that is a sign of interest from citizens of those countries. I think bitcoin should benefit from the financial crisis or trade war between China and USA and it should naturally influence bitcoin price as investors will flip stocks and other securities to bitcoin as a safe heaven.

What made you say that? Recently, the domestic woes between China and Hong Kong was thought to push either country to hedge their wealth on bitcoin, but so far we haven't seen the effect. But as so far as the impact of the China-US trade war, it is still 50/50 in my opinion. If could have an impact, but it's gonna be short term though. Investors will likely put their wealth to a stable investments like gold or even real state.