As Trump and Xi play a dangerous game of chicken, bitcoin is surging
cryptocurrency fans gleefully gathered at the Consensus conference in New York this week, investors on the other side of the globe appeared to be the ones pulling the levers behind bitcoin’s seven-day, 40% price surge.
Dovey Wan, a former partner at venture capital firm DHVC and cofounder of crypto holding company Primitive Ventures, explains the recent rise of bitcoin bysimilarities between two price charts: bitcoin and the U.S. dollar-Chinese yuan exchange rate.
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