Has the Corona virus doomed Bitcoin ?
Nope - don't be ridiculous.......they want you to think this.
Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.
Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail -
https://youtu.be/QGdvGY9STdcThe Global economy is going down because of this COVID 19 virus that is still not yet contained a lot of countries is still under a lockdown there is no doubt that the Coronavirus is also affecting the cryptocurrency.
Even to this day, there are still a lot of countries that are not yet ready to recover or else still not yet control the spreading of the virus in their country that is affecting the bitcoin. In this time of crisis, we surely need funds and the cryptocurrency or investment could really be useful at this times and that might be a reason for the sudden sale of or the dump of the market price of bitcoin in the past week.
But still, bitcoin still is going to recover easily at this time a lot of investors are still ready to invest in bitcoin meaning the demand of bitcoin is still high even at times like this. Also, there are still no jobs or work for a lot of people causing the economy to go down maybe we are not yet experiencing the effects of this but in the coming months for sure we are going to be doom by this if there are no employees they will be no production.