With the latest impositions of the US, on the application of new tariffs on the market of steel and aluminum, announced by the President of the United States "Donald Trump", all the alarms before a possible commercial war have been activated throughout the world, especially in Asian markets. The stock markets fell as a result of this announcement and many experts are studying how Bitcoin could act as a hedge fund in this situation.
Fuente: Wikipedia.com
Brian Kelly, a Bitcoin advocate and founder of one of the largest digital asset investment companies, told CNBC about Bitcoin's appeal for a possible trade war. "Gold has been used as a hedge fund in these situations, however now we have Bitcoin.
While gold has fallen by 0.7% during this week, and the dollar has begun to fall after the announcement, the cryptocurrencies finally presents a rise and everything points to it heading towards a new and powerful uptrend.
It should be noted that the US, the main source of its currency is oil, that is why its currency is known as PetroDolar, since countries that wish to make oil purchase operations must acquire dollars. and we have China and Russia performing operations in Yuan and other currencies other than the Dollar, directly weakening the dollar currency
Many experts have affirmed that the imposition of these tariffs will favor the movement of capital from traditional financial markets to Bitcoin and cryptocurrencies. Although the United States and Europe are moving towards a commercial war, and we have Germany, who is committed not to charge commissions, the cryptocurrency market gains strength and media attention within the global economic landscape.