2019-5-25 19:33 |
The trade war between the United States and China comes with varying success. Now telecommunications giant Huawei has become a bargaining chip. But now, and earlier, every salvo in this war straight falls into the US stock market. Quotes get red, and investors are running into crypto – this opinion is expressed by crypto optimists.
Grow to 5 digitsTechnical analysts are even more optimistic. Although with great reservations. Analysts say: “The Corn twists like a snake, for 2 weeks we saw 5 highs and 2 distinct lows. As a rule, in such cases, the price jumps out of this wedge up or down”.
In the history of Bitcoin, experts note several such periods in a bear market. But now is not a bear, is it? Hence the conclusion: if the Corn breaks through the support level of $ 8,400, then the next goal is a five-digit price. That is $ 10,000.
A casualty of warBeautiful charts of technical analysis is always encouraging. Particularly pleasing their historical juxtaposition and a prospect of $ 10 K. But fundamental factors can be much more convincing. The US trade war with China, which is dropping fiat markets and forcing investors to enter crypto, is perhaps a temporary factor. Although it can not be underestimated.
TV presenter Max Keiser reminds that China can simply sell $ 1.1 trillion US treasuries – and markets will fall down: «China could dump $ 1.1 trillion dollars for retaliation against US tariffs». Cryptocurrency takes on the role of a hedging tool in conditions of instability. Bravo! Crypto becomes a safe haven for fiat! Congratulations.
Let’s go to the cinema! For bitcoinsHowever, further steps to adapt crypto provide more substantial hope. This is serious and for a long time. The American telecommunications giant AT & T now accept payments in Bitcoins. Users can pay via the BitPay platform, which allows other service providers and merchants to accept Bitcoin. Kevin McDorman, vice president of AT & T, stated:
– We’re always looking for ways to improve and expand our services. We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.
What to say, when such a giant adapts crypto – this is not candles and technical analysis curves! For 5 years, AT & T has invested more than $ 140 billion in the American economy – more than any other US public company. According to Statista, AT & T is the second wireless service provider with a market share of 34% (in the third quarter of 2018). 400 M people in the United States and Mexico use the AT & T 4G LTE network. The number of employees is 260 M in 200 countries where the company provides voice services. In addition, AT & T bought WarnerMedia in 2018, with its HBO, CNN, TBS and Warner Bros. So, perhaps, in the near future, bitcoins will rush into the entertainment industry.
origin »Safe Trade Coin (XSTC) на Currencies.ru
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