Grayscale Investments report: the trade war between the United States and China pushed the price of bitcoin to increase

Bitcoin surpassed the dynamics of traditional financial assets and fiat currencies during the trade war between the USA and China. From May 5 to May 31, the price of the first cryptocurrency increased by 47%, according to the updated report “Hedging global risks for liquidity using Bitcoin” from investment company Grayscale Investments.

US-China of As TRADE Tensions to escalate, how does $ The BTC performance The compare to OTHER asset of drawdowns?

Read our report: Hedging Global Liquidity Risk with #Bitcoin : https://t.co/4tk2vcYRFW pic.twitter.com/AGxebm3fbb

– Grayscale (@GrayscaleInvest) June 13, 2019

The second asset, which managed to resist against the backdrop of economic shocks, was the Japanese yen. In the mentioned period, it grew by 2.1%. Many assets, by contrast, fell sharply, including the Nasdaq Composite Index, which collapsed by 8.7%. According to the company's experts, the depreciation of the Chinese yuan has led to an increase in the first cryptocurrency due to uncertainty among investors in the PRC.

Grayscale believes that various geopolitical upheavals contribute to strengthening Bitcoin’s position and the asset reacts to such risks even faster than other assets.

The same trend was noticed in 2016, when global markets reacted to the referendum on the UK leaving the European Union, as well as during the 2015 Greek crisis.

Barry Silbert's company also published a financial report for the first quarter of 2019, in which it indicated that it managed to attract $ 42.7 million in its funds mainly from institutional investors, including hedge funds. Moreover, most of the funds were invested in the Grayscale Bitcoin Trust (99%).

Our Q1 2019 QC 2019 QA 2019 is a Grayscale Bitcoin Trust. More insights in the full report: https://t.co/Nl66nrjdZc

– Grayscale (@GrayscaleInvest) June 14, 2019

Thus, the company currently manages funds of $ 1.2 billion.

Recall in more detail about the impact of the trade war between China and the United States on the price of Bitcoin and the industry as a whole can be found in the exclusive BlockchainJournal via the link .

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