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Topic: Is bitcoin benefiting from coronavirus?? - page 2. (Read 248 times)

legendary
Activity: 1134
Merit: 1598
I'm not sure how much of a nonsense it is when you have events such as stock market crashes where Bitcoin's price reacts instantly. BTC isn't part of a parallel universe, it reacts to events like normal stocks/currencies do.

It might be benefiting from the pandemic, but that's honestly a thing to see on a long term scale. The fact that the number of $1.2k investments rose so much when Trump gave the stimulus check showed that a quite significant part of the community agrees with the idea that BTC is a safe haven asset, although others don't agree with it.
newbie
Activity: 5
Merit: 0
" Anyone who claims the bitcoin price is in any way organic, or follows real-world events, is simply talking nonsense."
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