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currency has soared to its highest level since january last year in asian trading away and say big jump 10 percent to a price of just under $13000.00 it s now risen for 8 trading sessions in a row. let s go live to one day our financial correspondent in frankfurt what s driving cryptocurrency is to go through the roof again. well ben it s a lot to do with facebook s plans of coming up with its own crypto currency libera now traders believe that facebook s entry will lead to tomorrow s crypto currencies and would also help bring them mainstream so that s one of the reasons and then there is another argument it s about the safe haven argument believe it or not many investors do see cohen as a safe haven asset because it s not related with any other asset and it is not moved so much by what governments and regulators do because of uncertainties around
connections will be running on 5 g. by 2025. and because resurgence is big thing up steam the price of the project currency has soared to its highest level since january last year in asian trading on wednesday because it jumped 10 percent to a price of just under $13000.00 it s now risen for 8 trading sessions in a row. let s go over to. our financial correspondent in frankfurt what s driving cryptocurrency is to go through the roof again. well ben it s a lot to do with facebook s plans of coming up with its own crypto currency libera now traders believe that facebook s entry will lead to tomorrow s crypto currencies and would also help bring them mainstream so that s one of the reason and then there s another argument it s about the safe haven argument believe it or not many investors do see going as a safe haven asset because it s not related with any other asset and it is not
under a hanging is our asia correspondent she s in singapore for us andrea how much room will this finance ministers meeting in japan give the u.s. and china to find a trade resolution. well ben without a doubt the treaty tensions are going to be at the top of the agenda at this meeting and quite a lot of a quite a lot is banked on this meeting on the outcome of this meeting in fact $300000000000.00 worth of chinese goods to be exact because that s how that s that s the latest scare that trump is planning to set tariffs on now the world bank has already recently cut its growth forecasts for the global economy and that s scaring people away so the consensus is that the meeting will be more focused on how to deal with the consequences of the tensions rather than the 2 leaders finding
well ben most people will agree that no it is not going to change much and it depends on how you look at it there are 2 ways of looking at this opinion one from the perspective of the operators 3 months really isn t a lot of time to make any alternative arrangements and on the other hand we re looking at 3 months being in significant according to the while we found out who says that he already has contingency plans in place. talking about the dixie plans it has its own operating system hong maying but what else does it have up its sleeve because it sounds like it s going to have to move fast exactly look not a met not many people know this but what we actually has its own chip making division and it s called high silicon so there s been making in designing chips and stockpiling on other foreign parts as well as we speak in preparation off such a ben however analysts are saying that 3 months isn t
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