Bitcoin Stands to Gain as US-China Trade Deal Becomes Increasingly Unlikely

By: Shilpa Lama

Bitcoin has a sort of charm as a safe haven amid economic uncertainties arising from the lingering US-China trade war. At least, this is an assessment many analysts agree on, as BeInCrypto has previously touched on.

On that count, the most popular cryptocurrency in the world is likely to make further gains from this economic conflict if a recent forecast by Senator Rick Scott of Florida comes true.

Appearing on CNBC’s Squawk Box this Tuesday, Sen. Scott, who has previously served as the 45th governor of Florida, said that a resolution to the US-China trade war is unlikely to come anytime in the foreseeable future.

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