By: Samuel Wan
According to sources close to CNBC, the White House considered blocking US firms from investing in China. Shares of major Chinese companies dived on Friday, as the rumors gained traction. However, shortly after this, the US Treasury waded in to quash the rumors.
All the same, with trade talks due to resume on October, 10th, the uncertainty is casting doubt over a resolution. This latest debacle, from the White House, has only served to inject more anxiety into the markets. But worse than that, it will have damaged what little Chinese affability remains.
That being so, could deepening trade tensions, and the looming global recession, be the catalyst for a Bitcoin price boom?