By news.crypterium.com on August 16, 2019
The increasing tensions between Washington and Beijing have been bad for the equity and currency markets so far, but good for Bitcoin. While cryptocurrencies are uncorrelated to these markets, the weakening yuan has spurred Asian investors to seek refuge in other assets. The current market conditions have already benefited traditional safe-haven assets higher. Gold, a go-to choice for investors in periods of economic or political instability,