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The U.S.-China trade war is considered by many to be the single biggest threat to the global economy. However, more problems are looming in the background which could have an equally severe impact. Where does(BTC) fit into all of this?
The expected economic slowdown goes beyond the U.S.-China trade war — contrary to what most media pundits are saying. With geopolitical political crises brewing and bond yields plunging worldwide, global stability is under attack from many different angles.
For starters, we need to dispel the notion that there is a single cause for the current disturbance in financial markets. The problem runs much deeper:
The list goes on and the market is clearly aware of the shaky ground we all currently stand on. The U.S.-China trade war may be the most talked about topic in geopolitics, but it’s far from being the only noteworthy threat to economic stability.
Investors are questioning, with the global economy on such shaky footing, where can they park their wealth? Historically, this has always been gold. However, cryptocurrencies like Bitcoin (BTC) provide them with a new alternative.
Bitcoin (BTC) has not only exploded in value this year after rebounding from its 2018 lows but is, quite possibly, the best hedge against chaos in this tumultuous global economy.
Bitcoin (BTC) has a lot going for it right now. Not only is the cryptocurrency market historically decoupled from traditional finance, but momentum (so far) is highly-bullish. Moreover, Bitcoin will have its halving in May of 2020 — making the block reward for BTC miners lower. Historically, this has always been preceded by a major price increase.
Do you agree that the global economy is on shaky footing for reasons other than the U.S.-China trade war? Is Bitcoin (BTC) the best hedge? Let us know your thoughts in the comments below.
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