Trump reignites the trade war... Is crypto the refuge?
In a controversial move, former President Donald Trump announced his intention to re-impose strict tariffs if he wins the upcoming elections, including:
Tariffs of up to 60% on imports from China
And expanding tariffs on strategic goods from Europe and Mexico
Market reaction?
Stock markets saw sharp fluctuations
Gold rose as a traditional refuge
But the notable thing: Bitcoin rose by 3% in the early hours
The message for the savvy investor:
As protectionist policies escalate, the search for assets that are not bound by borders and not controlled by governments increases... Here, crypto emerges as a true hedging tool.
Are we facing a new wave of inflow towards digital assets?