Corona Virus Crisis May Strengthen Bitcoin #518
Todays show is from a post by Jackson Dumont at Cointelegraph and brought to you by BitBlockBoom, the great Bitcoin Conference coming to Dallas, Texas in August. This is a true Bitcoin event, not a crypto event or a blockchain event, so if you are interested in Bitcoin please take a look at BitBlockBoom.com.
The shedding of weak hands could allow Bitcoin to eventually evolve into a hedge asset. We’ve seen this conversion of assets into cash, regardless of which market it is, but there will come a point where, due to this increasing amount that’s been pumped into the system, the cash is going to lose its value.
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