Post
Topic
Board Economics
Re: Trade war Influences on cryptocurrency
by
LeGaulois
on 23/08/2019, 13:26:10 UTC
We haven't seen any effect whether positive or negative, crypto market still continue to go day by day. If there is an impact, we should have seen the price going healthy and moving to a positive growth.

I see some.
With the Sino American conflict and investors' tendancy to be worried about a recession, we can see more and more of them turning to safe-haven, such as gold. (you can check charts)

What does this have to do with Bitcoin? It has been following the gold price for 3 months (you can check charts too to see the correlation). It means that investors tend to consider Bitcoin more and more as a safe haven. (Are they right or not is something else)

Compared to Bitcoin, does it remember you something for the past 3 months?