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
No! E-toro doesn't deal with physical bitcoins. Rather it is more like an exchange traded fund but without physical settlement of goods. So no matter how many people trade bitcoins in e-toro, it won't have any impact on bitcoin neither new money will flow into the crypto market. So it is not related to US Chaina trade war. But yes, it is true for gold to some extent!