The US trade war can affect the crypto market

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Many experts around the world are convinced of the rapid growth of bitcoin and other tokens in the market associated with economic destabilization due to the trade war

This Friday, the United States imposed an import duty on imports of 818 Chinese goods, whose total volume is 34 billion dollars. China, in turn, instantly retaliated by imposing a 25% duty on the import of goods from America with a similar volume.

Trump previously repeatedly threatened to impose additional tariffs of $ 200 billion, if China imposes retaliatory sanctions for the United States. In addition, the US government increased the tariffs on imports of steel and aluminum from India, which also introduced retaliatory fines. Such sanctions now threaten not only Russia but also the European Union.

The international economy is now going through not the most simple time and it could well affect the cryptocurrency market. The chances that the president of America will change his mind to continue the war of war, tend to zero because analysts around the world predict a possible fall in the value of national currencies – including the dollar. Investors already now have to seriously think about an alternative way to save their own blood.

Earlier, many chose precious metals as investments, but now they switch to digital currencies. Perhaps, against the background of the fall of fiat on the crypto market, there will come even more new players, in search of a more reliable source for investment, which will only increase the cost of most coins.

On this basis, many experts around the world are convinced of the rapid growth of bitcoin and other tokens in the market, connected with economic destabilization due to the trade war initiated by the United States…

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