Re: Amid Growing Covid-19 Concerns Is Bitcoin a Safe Haven for US Stock Traders?

Quote from: JessicaVL on March 09, 2020, 11:27:36 AM

With Covid-19 spreading at exponential rates it is having a major impact on the stock markets and there are growing fears amongst US stock traders. While the US stock market seems to be in a free fall Bitcoin has been on the rise, which accounting to this article, is making it a safe haven for US Stock Traders: https://coins.newbium.com/post/30029-bitcoin-is-a-safe-haven-for-us-stock-traders-amid

I don't know if you have seen the current market flash crash to say that bitcoin is on the rise.

Quote from: JessicaVL on March 09, 2020, 11:27:36 AM

With no end in sight, Covid-19 may very well trigger the next global recession but do you think Bitcoin could play a role in rescuing the situation?

I don't think that the Covid-19 may trigger the next global recession, as far as bitcoin is concern, bitcoin has not been tested, I would speculate that investors are still going to move their assets to gold, just saying.