Bitcoin emerges as a global hedge while stocks tumble in US-China trade war

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Bitcoin emerges as a global hedge while stocks tumble in U.S.-China trade war

Bitcoin was up as much as 15% Monday as major global markets reacted negatively to an ongoing trade war.

The world's largest cryptpcurrency was up 15 percent on Monday, hitting a high of $7,946.01, according to data from industry site CoinDesk. Meanwhile, U.S. equity markets were headed in the other direction. The Dow Jones Industrial AverageThe sharp decline for stocks came after news that China would raise tariffs on roughly $60 billion of U.S. goods in an ongoing trade war between the world's largest economies.

Bitcoin prices have yet to rebound anywhere near an all-time high near $20,000, which was driven by a stampede of retail investors. But this year, the cryptocurrency has more than doubled after starting the year around $3,700. The S&P 500 is up about 12 percent in the same time period.

 

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When ever I send 200$ bit coin to these address I do receive double of it.....now I ask myself what most be going on.....just once in a week. I haven't regret doing that 0x399B06508b04104C6a3C6B9ab4f0e910cDe8D7dE

yea, I'm sure 'lines of code' controlled by a few $Billionaires are the answer to: 'flight to safety'...

Bitcoin is dead it didn't work. Move on people

I am also trying to market my dogs old dried up poo as a hedge against bitcoin

bakc to the same crap again! Do you guys have a stake in this? no other reason to pimp this fraud this hard!

🤣🤣🤣🤣

Tumble deez nuts in your mouth

maybe one day we will look at it like gold. A save haven.

Adoption is coming

Until the next hack

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What to watch today: Stocks struggling, US-China tariffs, bitcoin and moreAfter a late Friday rally, China trade worries have returned to pressure stock index futures. Buy cannabis. Simple Time to flip some calls later today once the blood stops flowing. No worries folks, it’s just another day of computerized organized crime on fraudstreet, “hopes” headlines will be back soon. lol
Source: CNBC - 🏆 12. / 72 Read more »