on the crypto
If the hypothesis of a Hard Brexit seems to have been averted by the British Parliament, which voted against a resolution against the UK leaving the EU without an agreement between the parties, there are currently some outbreaks of crisis which could significantly strengthen the cryptocurrency sector, causing not only the price of Bitcoin to rise, but also of the main Altcoins. So let's see what are the geopolitical crises that most worry analysts.
The war of duties between the US and China
The first of these crisis outbreaks is related to war of duties between the United States and China. A war wanted by Donald Trump which, however, is having significant effects on the yuan, which has undergone a strong devaluation in the past weeks. According to external observers, the Chinese government itself would have opted for this move, in order to neutralize the high tariffs from Washington and support exports. Regarded as the resolution of the crisis seems far away, it is good news for BTC, indicated by many as a safe haven and purchased by many Chinese to remedy the devaluation of the sovereign currency.
The trade war between the United States and the European Union
The United States, however, seem willing to play across the board. To demonstrate the intention is the threat of raise duties also against a series of products from the European Union. To push in this direction was a recent ruling by the WTO (World Trade Organization) which gave reason to the USA on the issue of European aid to Airbus. The sanctions have been quantified between the 5 and the 8 billions of dollars from sources within the organization. This also represents news that can push many investors towards stronger digital currencies, in order to secure their savings.
Argentina towards default
Another theater that threatens global economic stability is then represented by theArgentina. The country currently led by Mauricio Macrì is practically in technical default, after declaring that it cannot pay short-term government bonds. The weight is practically collapsing and many Argentines are converting to Bitcoin, thus participating in the process of strengthening its listing. Moreover, it should be considered that the situation in the country should not improve in the coming months, due to the now-proclaimed failure of the neo-liberal policies imposed by the International Monetary Fund (IMF), for the granting of loans to the Bairense government. To worry is also the imminence of elezioni prezidenziali, which Macrì approaches to the sort of a sacrificial lambin light of the results of the general ones in which the front of the leftist opponents, led by Cristina Kirchner, has almost achieved an absolute majority, detaching the line that supported the outgoing president by 13 percentage points. A result that according to observers is a eloquent viaticum for the defenestration of the outgoing administration. Also in this case the political and economic crisis seems to be able to blow on the sails of Bitcoin and Altcoin, to the delight of investors.
