Trump reignites the trade war... Is crypto the safe haven?
In a controversial move, former President Donald Trump announced his intention to reimpose strict tariffs if he wins the upcoming elections, which include:
Tariffs of up to 60% on imports from China
And expanding tariffs on strategic goods from Europe and Mexico
Market reaction?
Stock markets experienced sharp fluctuations
Gold rose as a traditional safe haven
But notably: Bitcoin rose by 3% in the early hours
The message for the smart investor:
As protectionist policies escalate, the search for assets that are not subject to borders and not controlled by governments increases... Here, crypto emerges as a true hedging tool.
Are we facing a new wave of influx into digital assets?