Bitcoin post-COVID: The coronavirus pandemic has changed many things, and the cryptocurrency world is not immune to this kind of change. Let’s look at how Bitcoin is perceived in the wake of this terrible health emergency.
When it comes to post-COVID Bitcoin value, the elephant in the room is the Federal Reserve’s response to the economic unrest around the coronavirus. The furious printing of billions of dollars is certainly not the best advertisement for the stability of the dollar as a fiat currency. By contrast, many traders do believe that Bitcoin represents a safe haven from either cash or equities markets, as its recent swings show it is not inherently tied to how the markets are doing on any given day.
0 Comments