The world financial market is going through great moments of uncertainties, due to the commercial wars between the US and China, to this is added the conflicts in Syrian territory in which great powers such as the USA and its allies France and Great Britain, who are opposed by Russia in support of Syria.
This week the crypto market has presented a positive behavior with great projections to follow this course due to the international conflicts that have been generated, among countries economically, this has generated great uncertainty in all financial markets.
On the other hand, China also responded with taxes of 15% on hundreds of American products that are sold on the shelves of the country, with an emphasis on vegetables and pigs.Stressing so far that as a result of these measures there are already more than 146,000 affected US workers and these tensions may continue to increase. For more information,click here.
In other events and one of those that has driven some sudden increases in the cryptocurrency markets, it has been after the strong statements offered by US President Donald Trump, where he ordered the attack to different parts of Syria, which he accuses of having used “Chemical weapons” against his own people. Subject that days before the Russian president, Vladimir Putin who supports in the defense of Syria, ordered a UN commission to review the search for evidence against these accusations made by the US, who without much delay the past 13 April would execute an attack on the accused country.
In this way, this brought about the sudden increase of Bitcoin and the crypto market in general, that a day before said statements and with the help of new billionaire investors like George Soros or the recent signing of the company of the Rockefeller family, which days before they joined the Bitcoin investments, increasing more than $ 1000USD that put it in the $ 7900 the day before the statements of Donald Trump and then Bitcoin has continued to rise where it is currently located in the area of $ 8200- $ 8300 at the time of writing.
by: CoinMarketCap
¿Bitcoin as a capital refuge?
Bearing in mind that when we speak of refuge assets, it is those that, theoretically, from their historical analysis, it is understood that they will not suffer significant fluctuations in their value and that, therefore, they will behave in such a way that they expire the instability of the moment.
In these times of uncertainty and depending on the economic cycle that is going through, people seek refuge in those assets that do not suffer from these falls, ie they are more stable.
Bitcoin itself, is an asset that is far from the concept of refuge assets when we refer to a "stable asset", but it should be noted that this asset barely has a capitalization of around $ 140,000 million, so compared to Gold is very far in terms of its capitalization, so it is just a market that has been gaining strength two years ago, which will gradually be strengthened, after all the attacks and manipulation, as well as the regulations that in turn will allow to strengthen the economy of the cryptoactives more and more.
But could Bitcoin really be a refuge value today?
Undoubtedly the cryptocurrency is being the point of attention for large investors who seek to protect themselves from the economic crisis that is increasingly advancing, bringing as consequences the fall of "stock exchanges". As Bitcoin that is just going from a few months of strong bearish trend, regulations and loss of capitalization, would be one of the best options next to the traditional Gold and Silver, which obviously are the safest.
Another important point to keep in mind is that cryptocurrency is limited to a certain number of currencies, which is a great point in favor and together with its technology that protects against scams or collapse that physical assets can suffer.
After all this undoubtedly Bitcoin will be one of the great beneficiaries in this scenario that is being presented to us ...
We are aware of the following events that little by little will be more positive that will continue to drive the use of Blockchain technology.
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