RATE Group | World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec
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World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec

30 Jul World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec

Posted at 16:56h in Bitcoin News by

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Bitcoin (BTC) is a leading indicator of hidden geopolitical tensions, according to a former exec at German multinational investment bank Deutsche Bank.

Bitcoin a signal of what’s going on behind the scenes on Chinese trade talks?

Peter Tchir, Forbes contributor and a former Executive Director at Deutsche Bank, stated that Bitcoin price movements could be a potential signal of what is going behind the scenes on Chinese trade talks in a Forbes article published on July 30.

In the article, Tchir provided his observations of the correlation between Bitcoin price and major news in the industry. He cites his previous research claiming that BTC surged in May as United States President Donald Trump revealed that a trade deal with China was looking tenuous. 

“Bitcoin is hinting that there is no alarm in China”

Tchir says that Bitcoin price has significantly correlated with the headlines for the past few days. The analyst added that BTC/USD has been dropping amid progressing talks and…

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