On June 9th, cryptocurrency analyst and trader Oliver Isaacs said that with the growing macroeconomic situation, more and more investors regard Bitcoin as a safe haven. Isaacs mentioned that the ongoing trade conflict between the United States and China caused global stock markets to fall last month. This negative sentiment prompted investors to hedge with cryptocurrency. Isaacs said: "I believe Bitcoin has the potential to reach $25,000 by the end of 2019 or early 2020. There are multiple drivers behind the recent recovery. There are geopolitical, technical and regulatory drivers. The net of Sino-US trade wars. The effect caused people to suddenly become interested in Bitcoin as an investment hedging tool."