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Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims

Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims

21-05-19

In an interview, Digital Currency Group founder Barry Silbert noted how BTC’s acceleration coincided with talks breaking down between Beijing and Washington.

The crypto advocate said bitcoin is proving itself to be a safe haven for investors at times of drama in the global economy — and cited other examples where BTC’s value rose as traditional stock markets took a tumble. Silbert added:

“If you look at over the past five years — when Brexit happened, Bitcoin went up. When Grexit happened, Bitcoin went up.”

However, given the volat
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