Post
Topic
Board Economics
Re: Trade war Influences on cryptocurrency
by
RealMalatesta
on 23/08/2019, 10:49:03 UTC
I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?
Absolutely nothing, the percentage of users in these two countries is not that much to have any effect on bitcoin, the few ones that known about cryptocurrency might to turn to it to make investment, but majority of them would either invest in gold or some sort of physical thing that they are used to already, and this trade war, I don’t see it affecting china in any way.

The largest consumer of their products are in Africa, so U.s are the one that relies more on china products for their economy, and I think their president is ready to make peace already because with all the debt that US is in already, they cannot afford to waste their time and strength on a war that is just not worth it if you may ask me please. China is also already trying to make their own crypto already.