Bitcoin and crypto

Bitcoin in particular amongst the cryptos is soaring, having put on 25% in very short order.  This seems to be at least partly related to the US china trade tensions.

Other cryptos are rising. but mostly nowhere as near as fast as Bitcoin. The market cap of all cryptos has jumped 17% to $220 billion.

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Bitcoin and crypto

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Bitcoin in particular amongst the cryptos is soaring, having put on 25% in very short order.  This seems to be at least partly related to the US china trade tensions.

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Other cryptos are rising. but mostly nowhere as near as fast as Bitcoin. The market cap of all cryptos has jumped 17% to $220 billion.

Other factors that might be helping Bitcoin are the US stock market falling as a result of the trade tensions, and the price of gold still moribund despite the politcal tensions between the US and Iran, Turkey, and Venezuela.

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Bitcoin appears to have become the safe haven, replacing gold, but of course in a world where you are solely reliant on  the internet for your financial wealth and security, gold is still surely the backstop in times of crisis?

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