Brian Kelly, founder and CEO of hedge fund BKCM LLC, said this week that Bitcoin could become a "safe haven" for Trump's trade war.

Earlier, President Trump said he wanted to impose tariffs on aluminum and steel. Subsequently, the market expressed its dissatisfaction with its approach. However, Trump still "does his will" and wrote on Twitter:

"We must protect our country and our workers, our steel industry is in poor condition, if it does not have steel, it does not have a country!"

Trump said he plans to impose a 25% tariff on steel and impose a 10% tariff on aluminum, this trade war is coming. After the news came out, both the Dow Jones Index and the S & P 500 Index fell.

However, according to Brian Kelly, a hedge fund manager, although this trade war is inevitable, maybe Bitcoin can be a good way to cover losses. In addition, he also suggested that investors can also choose traditional gold for coverage, but at this time, it seems that Bitcoin's earnings will be higher. Brian Kelly said:

"In this environment, trade war, I want to have to deal with inflation may be a fixed offer, deflation things." See how the performance of Bitcoin in recent days.In the last week, the Dow fell more than 1,000 points , but Bitcoin has remained relatively stable. "

The previous media said that Trump could limit Chinese investment in the United States and impose taxes on imported Chinese products with a total value of at least 30 billion dollars.

In response to this initiative is possible, said Chinese Ambassador, Cui Tiankai, on Thursday, and did not want the United States or in any country to fight a trade war, but if someone wants a trade war imposed on China, we will fight , will do everything in its power to protect our legitimate interests Maintain the global trading system.

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