Post
Topic
Board Bitcoin Discussion
Re: New Covid wave vs Bitcoin
by
Mpamaegbu
on 19/06/2020, 16:07:16 UTC
So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?
The first wave was before the May halving of Bitcoin and the drop wasn't out of place at the time because of the uncertainty occasioned by the pandemic. But now with halving and reward cut into a half, I don't see price crashing. There can be price correction but not a crash. Nobody will want to sell their Bitcoin cheap because buying back may likely not occur for them. The way looks bright for Bitcoin regardless of the global financial illness.