Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In

Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In


By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge. But it looks like institutional buying isn’t the only catalyst driving bitcoin’s price. The Chinese are reportedly piling into bitcoin, believing it to be a safe investment at a time when the yuan is

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Posted by Harsh Chauhan on May 16, 2019 @ https://www.ccn.com/bitcoin-trade-war-chinese-investors

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