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 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?
Bitcoin is on the rise?? - Have you checked the market since today morning?
The free fall of bitcoin market shows that it can't become a safe heaven. When we try to find a safe heaven, we look for stable price. And looking at bitcoin right at this moment, it doesn't look worthy of becoming a safe heaven.