Can people consider bitcoin as a shield against the Financial crisis?
This is really open for debate, I remember the Winklevoss twins, tweets saying that bitcoin is not an hedge to financial crisis, het.
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.
Covid scenario though is very different, and regardless, bitcoin will still rally this year because we just have the halving this year, probably it's just a coincidence that covid also strike this year. But in the last 8 months or so, bitcoin has recovered from the covid scare. So again with or without the pandemic, bitcoin will have a good price at the end of this year.