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The inverse correlation of Bitcoin and RMB increases over time. This may indicate that the Chinese are increasingly considering BTC as a protective asset, according to Bloomberg. Reverse interdependence reached peak values ​​at the end of August: According to Garrick Haileman, researcher at the London School of Economics and head of the research department, this trend became apparent in April-May, when the trade confrontation between the United States and China gradually gained momentum. “When the yuan fell, people in Asia paid more for bitcoin than anyone else. This is evident at the inflated price of Huobi, where the Chinese are mainly served, ”he added

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