Since Q2 of 2019, the U.S. and China have been embroiled in another trade war, marked by a barrage of tariffs and political threats.
Bitcoin has taken up a key role in this trade war story, with analysts calling it a "hedge" or "safe haven" in times of macroeconomic uncertainty like today. But there is a fair amount of evidence that Bitcoin isn't the perfect hedge against the Chinese trade war that some analysts have painted it as.
In this article, we’ll take a closer look at how people are viewing Bitcoin in the context of the trade war, and dig into the numbers to see if what they’re saying makes sense.
Bitcoin Thrust Into US-China Trade War Narrative
If you have perused crypto Twitter over recent months, you have probably noticed a trend: Bitcoin is being seen by investors and analysts — both on Wall Street and on Main Street — as a potential safe haven in the ongoing trade war. Read More...