With the latest impositions of the US, on the application of new tariffs on the market of steel and aluminum, announced by the President of the United States "Donald Trump", all the alarms before a possible commercial war have been activated throughout the world, especially in Asian markets. The stock markets fell as a result of this announcement and many experts are studying how Bitcoin could act as a hedge fund in this situation.
Fuente: Wikipedia.com
Brian Kelly, a Bitcoin advocate and founder of one of the largest digital asset investment companies, told CNBC about Bitcoin's appeal for a possible trade war. "Gold has been used as a hedge fund in these situations, however now we have Bitcoin.
While gold has fallen by 0.7% during this week, and the dollar has begun to fall after the announcement, the cryptocurrencies finally presents a rise and everything points to it heading towards a new and powerful uptrend.
It should be noted that the US, the main source of its currency is oil, that is why its currency is known as PetroDolar, since countries that wish to make oil purchase operations must acquire dollars. and we have China and Russia performing operations in Yuan and other currencies other than the Dollar, directly weakening the dollar currency
Many experts have affirmed that the imposition of these tariffs will favor the movement of capital from traditional financial markets to Bitcoin and cryptocurrencies. Although the United States and Europe are moving towards a commercial war, and we have Germany, who is committed not to charge commissions, the cryptocurrency market gains strength and media attention within the global economic landscape.
I believe that smaller countries will eventually start settling trades in bitcoin and ether. There's no point using these inflationary fiat currencies that come with many strings attached.
Thanks for this information, I hope the stock exchanges will not continue to fall.
You got a 22.06% upvote from @steembidbot courtesy of @mgilly!
You got a 5.56% upvote from @inciter courtesy of @mgilly!
You got a 15.19% upvote from @nado.bot courtesy of @mgilly!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
This post has received a 4.33 % upvote from @boomerang.
You got a 1.69% upvote from @postpromoter courtesy of @mgilly!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
This post has received gratitude of 1.21% from @appreciator courtesy of @mgilly!
You got a 14.08% upvote from @upyou thanks to @mgilly! Send at least 0.1SBD or 0.1STEEM to get upvote for next round.
Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.
This post has received a 2.85% upvote from @aksdwi thanks to: @mgilly.
You got a 1.58% upvote from @buildawhale courtesy of @mgilly!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
Yes in near future bitcoin could play a pivotal role in changing world economies,it could just pull back any rotten economy to a healthy one if it gets access to the mainstream economics.
Congratulations @mgilly, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Newbie account holder (accounts that hold between 0.01 and 0.1 Mega Vests). The total number of posts by newbie account holders during this period was 4641 and the total pending payments to posts in this category was $3215.71. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Eso si lo cree amigo, con tantas amenaza que ase Donald Trump. espero que leas mi historia
The truth is that the dollar has its days counting as a hegemonic currency in the exchange of international trade and Donald Trump only accelerates that collapse, and China, Russia, India and Iran have decided to market oil and other inputs in their own currencies and already other countries are following in their footsteps, weakening the dollars more and more, not to mention the boom and advantages that cryptocurrencies such as Bitcoin are offering.