Industry insiders say they have seen a strong inverse correlation between the values of the yuan and bitcoin. Photo: Alamy
Industry insiders say they have seen a strong inverse correlation between the values of the yuan and bitcoin. Photo: Alamy
China /  Diplomacy

Did the US-China trade war and Donald Trump just make bitcoin investors a small fortune?

  • Value of cryptocurrency has risen by 26.5 per cent since president announced he would raise tariffs on Chinese imports
  • Yuan, meanwhile, has fallen to its lowest level for six months

SCMP Reporters
SCMP Reporters

Updated: 9:29pm, 17 May, 2019

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Industry insiders say they have seen a strong inverse correlation between the values of the yuan and bitcoin. Photo: Alamy
Industry insiders say they have seen a strong inverse correlation between the values of the yuan and bitcoin. Photo: Alamy
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