China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets.

Every fiat currency is devaluing itself on purpose.

As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal….CLICK for complete article 

A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator.”

Markets have been reeling over the past week due to the ramping of the trade war between the U.S. and China.

While much of the focus has been on the tariffs, here’s a look at the impact a devalued yuan could have on the U.S. and Chinese economies….CLICK for complete article