Okay, So let's start with the impact of the COVID-19 pandemic on the global economy. The pandemic has caused unprecedented disruptions to businesses and supply chains around the world, leading to widespread unemployment and economic contraction. In response, governments around the world have implemented massive stimulus packages to support individuals and businesses, which have led to concerns about inflation and currency devaluation.
one potential solution that has been suggested by some is investing in Bitcoin and other cryptocurrencies as a hedge against inflation and a store of value in uncertain times like this. What do you think about this idea? Do you believe that cryptocurrencies are a reliable safe haven asset?
We've been doing that even before the pandemic hits but we do understand that cryptos are highly volatile and those that can attain to invest on it, do invest.
Bitcoin for me is the safe haven of investing in cryptos. Since there are too many cryptos, you get to choose what you think is the safe haven for you. Many will do agree that Bitcoin is the safest to invest in crypto but there will be a lot too that will disagree.