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Chinese Entering Bitcoin As Safe Heaven, Driving Recent BTC Price Surge: Forbes

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As a trade war between US and China has taken off, the US is raising trade tariffs with Chinese yuan rate going down and people starting to use crypto as a safe heaven.

Several major factors have been named earlier this week to have driven the current 40% Bitcoin surge. Among them the acceptance of Bitcoin by such giants as Starbucks, Whole Foods and others. Another reason is Bakkt preparing to launch Bitcoin futures. The third one was a rumour that eBay online commerce heavyweight is planning to start accepting crypto payments.

The latter was, however, debunked by a company’s ...

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