Analysis: No country can win in a global trade war, Bitcoin price will soar as a result
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Odaily Planet News - Bit analyst Jeff Park stated that Trump's trade policies might trigger global macroeconomic turbulence and short-term financial crisis, but this will also accelerate Bitcoin's widespread adoption as a value storage tool. Park believes that the uncertainty brought by trade wars will prompt governments to adopt more inflationary fiscal and monetary policies, leading to further devaluation of legal tender. As economic growth comes under pressure, global funds may flow into anti-inflation, non-sovereign assets like Bitcoin for hedging. In the long term, this will become an important driving force for Bitcoin's price increase. (Cointelegraph)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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