Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
The article has an optimistic viewpoint and tries to explain in short, how crypto was affected by the pandemic.
Like the author of the article stated: "The cryptocurrency price surge that we witness right now confirms the popular stance (in crypto community) that the financial crisis is a factor that drives more people into cryptocurrencies."
I believe that, despite the recent price spike in the crypto market, some people might have turned their attention towards cryptocurrency during the time of pandemic, and towards the ways in which Bitcoin could help in future times of crisis.
"Moreover, the crisis may incentivize business owners to start accepting payments in digital coins. New use cases can cement the value of cryptocurrencies."