Cryptocurrency Investors Are Starting To Look Like The Only Winners In A Trade War...

No comments

Bitcoin’s prices have been linked to emerging markets, including the Yuan, and it is unlikely the Chinese currency will move enough to cause investors to flood into bitcoin, this according to Christopher Vecchio, senior currency strategist of DailyFX

“Now, over the past month, the currency with the highest correlation to bitcoin has been the Yuan. The fact that we’ve seen the Chinese Yuan weaken so significantly as these trade wars fears have increased has been that catalyst needed for bitcoin to rally,” Vecchio told Kitco News.

Video courtesy of Kitco News.

No comments

Post a Comment