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Tarrifs resulting in BTC bump?

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by COINS NEWS 4 Views

So, I'm pretty sure Monday's tarrifs are just the beginning of a major stock market reset (at best) and, after 20yrs of savings, on Friday I liquidated almost all my stock. I called a couple people I generally invest with to tell them I wasn't going to be coming to meetings for the foreseeable future and was surprised to hear that they'd both done the same.

All of us were basically discussing where to invest now. We can't be alone here. I'm thinking a bunch of that money leaving the stock market is going to be put into BTC.

That's question one.

Next: I used to work for an export company that worked with eastern Europe and Russia. When tarrifs were imposed (on their side) we'd use outside bank transfers to bypass them. (I was a young intern working computers and thought this was totally legit). Anyway, now we are the one imposing tarrifs and people are going to be doing lots of work-arounds. Crypto is, by far, the easiest method to set up internationally.

So, the combination of people getting out of the market because they think it will collapse, plus people using crypto to bypass tarrifs.... Will that increase BTC? Or am I just trying to convince myself it's a good idea?

submitted by /u/morrisdev
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