Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin benefiting from coronavirus??
by
LogitechMouse
on 26/06/2020, 10:06:11 UTC
" Anyone who claims the bitcoin price is in any way organic, or follows real-world events, is simply talking nonsense."
The fact that Bitcoin's price move in the past few months is a proof that it doesn't follow global events or even the news unlike before where if there is a news article that is being shared, the price will definitely rise.

Unfortunately as @Kakmakr said, with the pandemic affecting all of the people worldwide people doesn't have any buying power to buy more Bitcoin and they want to have more cash right now that is why they will definitely sell their Bitcoins increasing its supply and making its price go down. For me, Bitcoin doesn't benefit from the virus and TBH I don't see any benefits from it at all aside from more supporters like the FED and JPMorgan.