Some of the investors believe that ongoing silent conflicts between China and the US can boost crypto. Recently, US President Trump decided to ban Tencent and ByteDance. He announced that U.S. businesses can no longer transact with these two bodies. Tencent is known for Wechat while ByteDate for TikTok. This move has put pressure on two platforms while others think that the fundamental value of crypto is boosted if Trump next targets Chinese fintech firms.