TLDR
Is Bitcoin really a safe asset during the Coronavirus Pandemic? [Deep Dive] The outbreak of the coronavirus has disrupted our daily lives. People are looking for safe assets to minimize losses and to preserve capital. Bitcoin is a relatively new asset with only a 10-year history, but its non-inflationary nature and lack of government control make it attractive to investors that wish to avoid the perils of inflationary monetary policy. Gold and US treasury bonds are well-known safe assets. If Bitcoin is considered as such, it should experience an increase in price similar to treasury bonds and gold.via the TL;DR App
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