Can people consider bitcoin as a shield against the Financial crisis?
No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
But in spite of all these, Is it really capable to recover us from Financial Crisis?
You will be suffer for more financial crisis if you don't know things about Bitcoin since you still need to manage the risk, bitcoin is high volatile asset which can upset the newbie people who does not aware of possibilities but if you know the basic and enhance it then provably you can rely on bitcoin but don't make it as the main since for sure there are days come that you will not get a profit on it.