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?
Bitcoin may help in terms of someone's financial crisis but during the time of pandemic, while it's still emerging, the value of bitcoin is still too low compare to what we have now that's why if you are thinking to use it as resolve in your financial crisis, it wouldn't be as effective as to what we have now. If you are looking forward to recover from financial crisis, then start finding a regular job. It might be hard for this time but that can assure you that you will regain all of your lost during the pandemic. Just be smart and wise with what you choose as a source of income.