Trump’s US-China trade deal could shed light on Bitcoin’s use case 🇺🇸
The article explores how Trump's US-China trade deal could illuminate Bitcoin's role as a safe haven. Bitcoin outperformed stocks during an April market sell-off triggered by Trump's tariffs. Following a plunge to $75,000, Bitcoin recovered to $95,000, while stock indexes declined. Analysts speculate that trade uncertainty drove this strength and a confirmed deal might affect Bitcoin's performance.
On May 11, the White House announced 'substantial progress' in trade talks with China, giving hope for an official agreement. If a deal materializes, institutions may become less cautious, potentially boosting Bitcoin and alternative investments.
A trade deal could signify market stability, prompting investors to explore growth opportunities in alternative assets like Bitcoin, particularly if it weakens the dollar or redirects liquidity to emerging markets.
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