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Bitcoin as a Hedge Against Upcoming Global Market Crash

Bitcoin (BTC) has thus far flourished in 2019, surging 188% from its December lows of $3,150 to a recent high of $9,070 on May 30. This extremely bullish price action is contrary to the prices seen in traditional stock markets, as the world’s biggest economies have suffer from a minor financial downturn.

As reported by Tuur Demeester, the founding partner of Adamant Capital, Bitcoin’s bullish price action could be attributed to international macroeconomic issues that tend to have a direct impact on Bitcoin’s price.

Therefore, could Bitcoin be used as a hedge against an upcoming global market crash?

US-China Trade War Positive for Bitcoin

According to Demeester, the US-China trade war could be fueling this year’s bull run, as it is negatively affecting the Chinese yuan and appears…

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