Will the new tariffs really support the markets or increase their volatility? 🤔
In my opinion, imposing additional tariffs on countries that impose taxes on American exports may lead to increased trade tensions, which often raises the volatility of global markets, especially in cryptocurrency markets that are quickly affected by any major economic or political news. In 2018, for example, we saw how the tariff war between the U.S. and China impacted stock exchanges and Bitcoin prices.
But at the same time, some investors consider cryptocurrencies a safe haven during crises, so the more uncertainty there is in traditional markets, the more interest there is in Bitcoin and other cryptocurrencies as alternative assets.
My personal experience: Every time negative news about the global economy increases, I notice a rise in trading activity in cryptocurrencies, and sometimes a sudden increase in prices.
My question to you: Do you think that cryptocurrencies have really become a safe haven during crises, or are they still just high-risk assets? Share your opinion with us! 🚀
