Post
Topic
Board Economics
Re: Trade war Influences on cryptocurrency
by
nur rochid
on 19/09/2019, 15:58:01 UTC
I don't think the trade war will have a big impact on this market. If this market was affected by the trade war, BTC would have gone up sharply when the US imposed Chinese taxes in early September.
That’s right but since the market is still down, we can conclude that the trade war is just a war that can’t affect the crypto market. Maybe in short term there is no effect but we can’t be sure if the future will still be like this. Trade war between the USA and CHINA makes an impact on some economy and businesses, its good that bitcoin is still not affected and its good that we still see bitcoin kickin. The price of bitcoin will move up on the upcoming halving, let’s be patience on that.

We hope that it will not give a negative impact but only give a positive effect on the bitcoin because people will save their money into another form or another investment. Bitcoin could be the next of the best investment for people and who knows, with that moment, many people will realize the benefits of bitcoin to them so they will invest their money in bitcoin. If that happens, then we might see an exploding of the adoption in cryptocurrency because people want to move their money to the other investment.
With the trade war going on it will make the economy not conducive, it is our hope that investors can see bitcoin and invest their funds in cryptocurrency, so this will have a positive impact. especially after the bakkt later, it will increase the confidence of investors and also the government, so that mass adoption will soon occur