Retail Investors Shifting To Bitcoin Due To The US-China Trade War, According To EToro

Financial experts believe that many retail investors have begun to bet on BTC as a good hedge against business turbulence during the ongoing trade war between the United States and China. The news was first published by the London Economic on august 29th which cited data that had it obtained from eToro. eToro is a social network and multi-asset investment platform based in the United Kingdom.

Connected Uptick in Gold And Bitcoin Positions

The data from eToro showed that there was a correlated uptick in both Gold and Bitcoin positions on its social networking and trading platforms. This came in the heels of news announcements indicating that the tensions between China and the United States were likely to continue escalating.

Although many have always seen Gold as the best investment option when there is geopolitical or macroeconomic instability, the data points from eToro show that some investors have started to view Bitcoin as a stable and reliable form of digital gold.

They are, therefore, using Bitcoin to store value as they wait to see how the trade wars between the two superpowers will proceed. Crypto enthusiasts can use Bitcoin to store their assets in the current uncertain global climate.

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Daniel W
Daniel W
Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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