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U.S-China Trade War Encourages Chinese to Bitcoin Investing

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Manifestations of instability in world markets and the risks associated with trade wars push investors to use cryptocurrencies as a safe haven asset, an alternative financial instrument that is not dependent on traditional factors. Currently, the main focus of instability is the flaring trade war between the United States and China.

One of the main driving forces of this conflict is Trump’s systemic position, who seeks to oust Chinese players from the US market by any means. The US President’s tweet about the introduction of next customs barriers in the form of a 10% duty on Chinese goods allowed Bitcoin to quickly add 5% in 24 hours.



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