Quote from: knowngunman on Today at 07:24:45 AM

Just yesterday or so, someone said that bitcoin always remain strong even when the global economy is in disorder but I confidently disagree with him. Bitcoin fluctuation is usually triggered by global economic decisions and this is a good example. Since last week bitcoin has taken a positive rally setting up a new ATH but then taken a slight and sudden decline after pronouncement. Although, it won't make bitcoin to collapse but I believe we all saw what happened in the previous months during America and China drama. If care is not taken the same thing might happen again as the consequences of Trump radical decision.

While many will deny this, the fact is that bitcoin is still just a highly volatile speculative asset and as a speculative asset, it will not do well in a chaotic economy. Investors tend to sell speculative assets and seek safe havens like gold, they only invest heavily in high-risk assets in stable and growing economies. So I also disagree if someone says that bitcoin will be stronger if there is economic or geopolitical instability.
But in the long run, they are not wrong as bitcoin and the market will gradually adapt and recover over time. If tensions between Trump and the EU escalate, Bitcoin will be dumped but will also recover, regardless of whether the war between them ends or not.