More and more people are starting to perceive bitcoin as a store of value (an asset that maintains its value without depreciating), and now that it's rising while other currencies and asset forms are falling, perhaps the most important impact this global crisis is bound to make is help strengthen the image of BTC for the long term. It offers gravity assist that slingshots bitcoin toward the ultimate goal of decentralizing the financial system. But I wonder how bitcoin will perform when the pandemic is over.
I wonder how bitcoin will perform when there is a economic recession when the stock market starts pummeling will the investors jump into bitcoin and the cryptocurrency market or everyone would cash out and wait for the recession to get over and hold the coins in stable coins, it is a question we are yet to ask and the theory of store of value will be put to test.