The impact of the U.S.-China trade war on crypto prices

[MrSpasybo]

The trade war between the US and China is becoming intenser and intenser, I think this will affect the crypto community in the following ways:
- In the short term, neither side gains any benefits. The economies of the two leading countries of the world economy will go down, making the currency devalued, cryptocurrency becoming a safe store of new value;
- To keep up with the trend of cryptocurrencies, China continues to accelerate issuance & globalization of the Yuan coin on the blockchain. This could open a trend of CDBC worldwide;

If this happens, it can be said that the crypto era is coming, but I hope it does not require the condition that the world economy be in crisis. I am quite concerned about President Trump's attitude towards cryptocurrency.

What is your opinion, do you think trade war will affect crypto prices?

[debra]

Big news or issues will always influence the price of the crypto market. Moreover the issues coming from these two countries. Why should be the two countries? What make them trade war? DO they want to show their skill and ability in the crypto world?

[MrSpasybo]

Big news or issues will always influence the price of the crypto market. Moreover the issues coming from these two countries. Why should be the two countries? What make them trade war? DO they want to show their skill and ability in the crypto world?

Currently, the United States & China are the two largest economies in the world and there are conflicts between the COVID-19 pandemic and the trade war from 2019. So I think this war will have much impact on both economies, and of course the crypto community will also be affected.

[I-Bit]

These two big countries are preciselly big influencers to the crypto world. Actually, all issues may influence crypto market. However, in this case, we be aware that the crypto market depends on the market itself. We must not be panic because of certain issues

[Seerge]

Certainly the effect will be great on Cryptocurrency from the feuds of the two countries, especially if the United States and China both issue Cryptocurrency Coins respectively.  Just stay strong, then they will win.  As a small investor like me, it's true we don't need to panic.  And we must still be able to take advantage of situations like this.

[Pearson12]

Well due to to all these unrests in the world it may exactly prove that centralised government have failed, and that is when the crypto/blockchain world wins. As it was made purely to move away from a government it can play out very well for crypto holders. But this is just my impression...

[Istiak]

Though many people from this country heavily involved in various sectors of crypto and we have many big investors from there too I do not think this will cause any problem for that event you are talking about. Because I do not think the crypto market is dependent on the trade of these two countries anyway. But we should be careful though.

[bigcash2011]

As crypto market is considered as a hedge to the traditional markets so any negative news on traditional side can result in positive effect on crypto market we have seen this before and even now market seems to be bullish about it.

[Noverteno]

I do not think that the trade war between the USA and China will last long. This is not beneficial for both states, since they will mutually weaken, and those states that will not participate in this conflict will win. Although Trump likes to demonstrate the power of the United States, Congress is constantly holding him back. In addition, the United States will soon have elections and the owner of the White House may soon change, and US foreign policy regarding China may change. For cryptocurrencies, this war is unlikely to have a significant impact. Depending on the specific actions of the participants in this conflict, this will have a short-term effect.

[Prime]

We know that many people buy-sell because of the news. This makes news can influence the crypto market, the same like in the forex. I can say that U.S.-China trade war possibly brings impacts in crypto prices.

[Octoalts]

America and China are two giant countries that are currently competing to become world rulers, some even say that the Covid-19 Pandemic conspiracy is the effect of competition between the two countries.  This certainly has a big influence on the global economy, and will certainly spread to Cryptocurrency trading.  But all of course will return to them traders and Cryptocurrency Investors, if they too follow this situation, then the price of Cryptocurrency will certainly go down.  It is my hope that what is happening at the moment does not have a major effect on changes in Crypto prices in general.

[masterrex]

The issue between China and the US is very complicated, The two economic and military superpower was dragged many markets to their problem including crypto industry, But I believe it will be resolved soon, China has a lot of cryptocurrency users and investors so every single negative publicity with both parties involves (US and China) can influence to any market. and the cryptocurrency industry is one of them.

[MrSpasybo]

The issue between China and the US is very complicated, The two economic and military superpower was dragged many markets to their problem including crypto industry, But I believe it will be resolved soon, China has a lot of cryptocurrency users and investors so every single negative publicity with both parties involves (US and China) can influence to any market. and the cryptocurrency industry is one of them.

I also think so, it's hard to believe that the crypto community will be completely out of this trade war and not suffer any impact at all. If the trade war becomes fierce, owning and hoarding fiat is potentially more risky than cryptocurrencies, and that could be an opportunity for crypto.

[kent47400]

I also often see this on the Telegram channel which has many followers and says the effect of the Trade War is very powerful to destabilize world finances including cryptocurrency.

The logic is that when everyone from WD Bitcoin from Binance to the local market there is definitely someone who uses USDT, TUSD, BUSD as their investment in stable coins.
These stable coins gained the effect of the Trade War between China and the USA.

[UNIVERSE]

News can have influence in crypto space, so if there is rumor about U.S.-China trade war, it can be affected the crypto market. I have seen many cases showing that the news can affect crypto prices.