Is the escalating trade war between China and the USA advantageous to the cryptocurrency sector?
"Data from global multi-asset investment platform eToro shows retail investors are opening more gold and bitcoin positions on news announcements of an escalating US/China trade war. Investors typically pile into gold as a natural hedge against macro economic unrest and data shows a correlation between the number of gold and bitcoin positions on its platform. This could suggest more retail investors are starting to view bitcoin as a store of value." - The London Economic
Opening more bitcoin positions on platforms like eToro doesn't mean that the retail investors suddenly started buying lots of BTC.Contracts for a difference (CFD) are just a derivative financial product and they don't affect the bitcoin price,by increasing the demand for bitcoins.
The US-China trade war won't last forever.It will end after the end of Trump's presidency.