In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?
Did you even see bitcoins when heavy lockdowns has been implemented on many countries? Does the price falls? or did you see some major sell off when this incidents around the world happening?.
Since this really not happen in reality actually bitcoin gather more attention when people are lock inside their homes since when bull run cames many people shares about bitcoins thats why many other people got interested to join and earn with it. We see a high price rally of it thats why I never think about bitcoin price will fall since we know people are finding some good opportunities and they find bitcoin which have good potential to give them good profits.