Post
Topic
Board Bitcoin Discussion
Re: Coronavirus crypto
by
isaac_clarke22
on 17/04/2020, 14:57:11 UTC
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?
Some are claiming that cryptos like Bitcoin are safe-haven for their assets, but now there are people panicking right now.
There ain't anything immune to crisis as people in it are the ones reacting as well as making the market as a consumer, putting it up the basic law of law of supply and demand.
For cryptos like Bitcoin, it was kinda affected as we saw the plummet of the price when this pandemic hit the globe.