[Daily Discussion] Sunday, September 01, 2019

So what's everyone's thoughts on Trump's new tariffs and it's impact on BTC? My understanding is he added an additional 5% on top of the originally planned 10%. How likely do you guys think the possibility of a recession occuring have increased and the time horizon for when it will begin has shortened? And how do you think BTC will withstand a recession? I like the digital gold and uncorrelated asset narrative, but I understand the counter point of BTC being too speculative and more likely to be cut from portfolios due to risk management. I'm personally hoping it remains uncorrelated and we see further consolidation, but I wouldn't be surprised if alts continue to dump on the ratios as people cut their higher risk crypto holdings for the safe haven BTC.

Source to tariffs article: https://finance.yahoo.com/news/trump-heaps-more-tariffs-china-040109680.html

/r/BitcoinMarkets Thread