The fate of the world economy is being written in London! The second act of the high-tension trade war between the #US and #china officially began in the capital of England today. As tensions escalate, global markets are on edge. In the shadow of this historic meeting, $BTC broke $107,000 and raced to a new peak!
Following the heated talks in Geneva last week, the two superpowers are now competing in London. The US delegation is led by Treasury Secretary Scott Bessent, while the Chinese side is led by Deputy Prime Minister He Lifeng. Moreover, the telephone diplomacy between Trump and Xi Jinping that took place just before these talks has further increased the size of the crisis.
Tariffs? No, This Is Economic Chess!
The talks are not only centered on tariffs. The real big battle is taking place over "rare earth elements" and high-tech embargoes. These elements that China owns and are the lifeblood of global technology are like the black box of bargaining!
China is the leader in these resources that are of vital importance in many strategic areas, from electric vehicles to chips. The US, on the other hand, considers this trump card of Beijing as a “strategic restriction”. Washington, on the other hand, is blocking China’s access to advanced technology as a countermove. This showdown has turned the table in London into a war of nerves.
Bitcoin Excited, Investors Alert!
The winner of this chaotic environment is Bitcoin for now! The cryptocurrency, which has managed to stay above $100,000 for a long time, winked at its investors by exceeding $107,000 with the start of the talks. Analysts say that this rise is just the beginning and that Bitcoin may test $120,000 if geopolitical uncertainties deepen.
Hassett: "We Hope for an Agreement on Rare Earths"
White House Chief Economic Advisor Kevin Hassett tried to ease the tension:
"We hope that the talks will be short but focused on results. A compromise may be possible, especially on rare earth elements. The US is also ready to respond to this."
What Will Be the Outcome?
The eyes of the world are on this table! Every signature that is made will deeply shake many areas from global trade to cryptocurrencies. However, the red lines are very clear, the positions are very tough. A new crisis that could break out at any moment could turn the markets upside down once again.
But what if a compromise is reached? Then not only Bitcoin, but the entire world economy can breathe a sigh of relief.
