China US trade war driving investors to bitcoin

According to data recently produced by social trading platform eToro, and cited by The London Economic Times, the number of positions opened for both bitcoin (BTC) and gold on its platform increases significantly following news that the trade war between the US and China is escalating.

Curiously, the daily percentage change in number of bitcoin positions is almost always higher than that of gold. This indicates that there are a significant number of people ready to dive into the Bitcoin market—given the right conditions.

Assets with a value largely unrelated to the whims of central banks are typically considered to be safe bets during times in economic uncertainty. Read More at DeCrypt...

#BTC #China #US

Antminer Banner.png