Bitcoin Is Emerging As The Only Pandemic-Resistant Currency in Our Globalized Economy

Written by invictus-capital | Published 2020/05/19
Tech Story Tags: investing | coronavirus | bitcoin | covid19 | bitcoin-spotlight | bitcoin-maximalism | impact-of-covid19-on-bitcoin | good-company

TLDR Bitcoin crashed 40% on the 12th of March, now known as Black Thursday, in its worst single day since 2013. Since February, a total of $3.9 trillion has been added to central banks’ balance sheets — representing almost 7% of GDP. Without global growth to support this influx of new money, currencies are likely to deteriorate in value. Bitcoin has outperformed most of the world’s currencies year-to-date including the dollar and yen. However, it is important to remember that Bitcoin should still be viewed as a risky tech investment.via the TL;DR App
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Published by HackerNoon on 2020/05/19
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