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RE: Is the US-China trade war pushing bitcoin up and stocks down?

in #bitcoin5 years ago

While it could be havig some impact, I think it is mostly coincidence as bitcoin has proven to be more uncorrelated to the traditional markets. The fact that it seems that Central Bank will have to add liquidity in the future is what is making some consider other assets although I am surprised that Gold has not moved accordingly (probably due to the manipulative suppression of prices).

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This next cycle of quantitative easing will mark the demise of the dollar pushing more and more people into crypto and other solutions to safeguard their wealth from this sneaky form of wealth deterioration. As for Gold, it has been and will always be heavily manipulated so I'm not overly surprised to see it hold its price.

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