Does Bitcoin Effect Financial Markets?
Does bitcoin effect financial markets?
I don’t see bitcoin effecting financial markets, I do see political unrest affecting financial markets.
Every since President Trump’s winning election run, the stock market has seen record gains almost every month!!
But since he took office bitcoin has been struggling to maintain it’s value! 2 weeks ago bitcoin was near $7500…today its struggling to maintain $6500.
President Trump just had a meeting with North Korea’s dictator. Since then bitcoin has been on study fall to Below $6500 ( the 1st time in 3-4yrs).
Bitcoin recovered for a couple of days after their meeting and was back at $7500 for about 4 days.
President Trump just announced new tariffs on the Chinese imports here in the USA…and here we are today with bitcoin and all crypto currencies loosing value a t a very fast rate.
I can not help but wonder if the biggest threat to crypto currencies value is indeed our world governments. I mean stocks seem to be mostly un-effected while crypto currencies are loosing value daily now since the USA announced new tariffs on China.
Have a read from this post that the NYT’s published this yr in February, let me know what you think….enjoy and peace!
What Bitcoin Reveals About Financial Markets
The cryptocurrency bubble should finally destroy our faith that the market works as advertised.