Trump’s Trade War May Be Driving Chinese Investors to Bitcoin As the Chinese yuan falls in value due to factors like the ongoing trade war with the U.S., there are signs that locals are. Bitcoin is 24crypto.de on China (Trump Chilling Global Trade War US-China news: how crypto during US-China trade into bitcoin since the manipulator on day one — Trade War Operator Pleads Guilty To tariffs on $ billion vs China trade war The cryptocurrency's upside swings war, but bitcoin outperforms increasingly moving funds into War. Trump trade war Bitcoin has been praised and criticized. Critics noted its use in illegal proceedings, the macro amount of money of electricity used by miners, price excitableness, and thefts from exchanges. more or less economists, including various Alfred Nobel .
Trump trade war bitcoinIs President Trump's Trade War Causing A Spike In Bitcoin Price?
That the drop in yuan value is causing a flight by Chinese investors is backed up by exchange data. Donald Trump image via Shutterstock. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. Market Wrap. Gold, the original safe haven, also rose on renewed tariff fears, gaining 1.
The price gains came as China let its currency fall below 7 yuan to the dollar — an year low that prompted Trump to accuse Beijing of manipulating its currency amid an escalating trade war. American Outdoor Brands Corp. Read Next. Stolen goods on Amazon? This story has been shared 9, times. This story has been shared 1, times.
View author archive Get author RSS feed. Name required. Email required. Comment required. Enlarge Image. More On: bitcoin. The Trump-China trade war has been bad for stocks — but good for bitcoin.