With the arrival of the coronavirus probably triggering a worldwide financial meltdown, many are questioning how crypto’s most distinguished asset
With the arrival of the coronavirus probably triggering a worldwide financial meltdown, many are questioning how crypto’s most distinguished asset will climate this monetary storm.
The stock-to-flow model — which values Bitcoin primarily based on its shortage — reveals the cryptocurrency continues to be on observe to hit $100Okay in 2021. In keeping with the indicator’s creator, the whole lot continues to be “on S2F observe” regardless of latest worth drops. However can Bitcoin’s fundamentals prevail within the face of financial catastrophe?
YouTube Bitcoin bulls, Tone Vays and Carl “The Moon” Martin, deal with these matters and extra: the causes of Bitcoin’s latest worth drops, how Bitcoin might probably remodel right into a protected haven asset, and what the disaster means for the halving and past.
Don’t miss Cointelegraph’s newest crypto market dialogue, and make sure you watch until the top for some nice recommendation on tips on how to keep your income whereas the remainder of the economic system is plummeting.