Cryptocurrency
Will Bitcoin Follow Gold Prices Down as Trade Tensions Ease?
As NewsBTC reports, “Trade tensions between the US and China appear to be easing as the two powerhouses come to agreement. The lifting of tariffs is good for economic stimulus but safe have assets such as gold are now starting to cool off, will Bitcoin follow suit? “Officials from both sides stated yesterday that tariffs […]
As NewsBTC reports, “Trade tensions between the US and China appear to be easing as the two powerhouses come to agreement. The lifting of tariffs is good for economic stimulus but safe have assets such as gold are now starting to cool off, will Bitcoin follow suit?
“Officials from both sides stated yesterday that tariffs could be rolled back as part of the first phase of a wider deal. Reuters reported that a timetable has yet to be set but both China and the US are in agreement that a trade deal can be made.
“Experts have warned that there is still a lot of work to be done and the situation is fragile and can fall apart quickly. Optimism has returned to markets on the development as global stocks were boosted yesterday.
“Goldbug and undecided Bitcoin detractor, Peter Schiff, didn’t miss the opportunity to point out that the precious metal is still investment worthy.
“It was pertinently pointed out further down the thread that precious metal prices are also susceptible to manipulation;
“‘Derivatives markets run precious metals pricing. JPM and many other bankster crooks caught numerous times rigging metals markets. It’s a farce with zero price discovery just like the equity and debt markets.’
“Back in September it was widely reported that JP Morgan traders were accused by the DoJ of manipulating precious metal markets.