Post
Topic
Board Trading Discussion
Re: Bitcoin and War Crimes?
by
Mpamaegbu
on 24/11/2023, 13:23:06 UTC
~
When the pandemic first appeared and went viral, Bitcoin experienced a decline, but if we look at the graph, Bitcoin also experienced an increase and even headed towards ATH during the pandemic and lockdown at that time. In my opinion, Bitcoin is able to survive in any conditions, even war.
If anything, I think Bitcoin did fantastically well around the COVID-19 era if we had to draw a comparison of it with the entire global financial situation then. Yes, the fact that it went all up and did an unbelievable ATH of $68k+ in 2021 as against its 2017 ATH is  evidence that Bitcoin is a phoenix, rising from such death. From my observation, nothing seems to make Bitcoin remain down once its period for the bull rally is at hand. It's the same thing we face currently, even with the news from Binance of the money laundering charges against its CEO, CZ, nothing seems to have unfazed Bitcoin. Today, price went up again and it's currently at $37,700+, having done around $400 in addition since news broke of his arrest two days ago. Such news is capable of dipping Bitcoin if it were released wrongly or during a bear market.