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Bitcoin can still be a safe haven, experts say

1 pointsby HipGeeksabout 5 years ago

1 comment

allovernowabout 5 years ago
Honestly I&#x27;m long on BTC just in case there&#x27;s another moonshot, but this pandemic has fairly conclusively demonstrated that bitcoin&#x27;s days are numbered. In the past BTC tended to do well when the market did poorly, but that hasn&#x27;t been true for months.<p>It was a great experiment, it demonstrated the value of decentralized, pseudonymous currency, but the low capacity and high power draw will probably see it undone. That&#x27;s not to say all crypto is dead but the buzz has certainly been dying for a while, and like any fiat currency it only works if everyone else uses it.<p>Though I&#x27;ll add that this recent drop in price coupled with the effects of the virus on the economy could be a solid foundation for just enough market manipulation to set off another BTC craze...one last time.