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Bitcoin was built for events like this
Bitcoin is, according to some, facing its first great test – whether it can perform as a store of value during a wider market crash, wrote Billy Bambrough in an article for Forbes.. Bitcoin has, by this measure, failed spectacularly. The bitcoin price collapsed in the face of coronavirus-induced chaos, losing around half its value as traditional markets recorded historic falls. But this isn’t make or break for bitcoin: the leading crypto’s success isn’t judged by its price but by its digital scarcity in a time of helicopter money, quantitative easing (QE) and record low interest rates. Earlier this week, the ... (full story)
