The co-founder of "Ofx Strat", Rashid Al-Khazaei, said that the rise of cryptocurrencies reflects a shift in investor trends towards crypto assets as a hedge against uncertainty amid the trade war.
How will the United States prevent the collapse of the dollar's dominance through cryptocurrencies?
Al-Khazaei added in an interview with "Al Arabiya Business" that the current price movement confirms investors' view of cryptocurrencies as an alternative investment. In some cases, such as the situation we are all experiencing today, these investments are seen as a means of hedging against geopolitical tensions mixed with fluctuations in global monetary policies, in addition to the uncertainty surrounding major sovereign currencies, led by the dollar.