Post
Topic
Board Bitcoin Discussion
Re: The Impact of COVID-19 on the Global Economy and the Role of Cryptocurrencies as
by
gantez
on 28/04/2023, 10:09:48 UTC

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?

I think many countries have move on away from whatever the effect cause by pandemic and I didn't see it affecting cryptocurrency. In the pandemic year was a bull for bitcoin from low as $4000 , so what are you saying? The solution is not cryptocurrency investment because you need long time waiting for investment profit and don't expect it soon. The solution is to invest in places you can expect profit, if cryptocurrency is the place comfortable you need to do it wisely. Diversification is solution to grow the resources that you have not just in bitcoin.