Bitcoin Coronavirus searches have outperformed Bitcoin Halving searches. This was revealed by the latest data from Google Trends. The current trends are very clear: while until a few days ago it was Bitcoin halving that had monopolized the interest of traders, now the effects of the coronavirus emergency on the BTCUSD exchange rate have a marked interest for investors.
What does all this mean? Simply boom of questions concerning the Bitcoin Coronavirus and therefore:
- should I buy Bitcoin with the coronavirus emergency?
- will the price of Bitcoin go up due to coronavirus?
- will Bitcoin become a safe haven asset like gold or will it follow the fate of all other assets?
Unfortunately, to date there are no precise answers to be given to these questions. If until a few days ago it seemed almost certain that there would be a retreat towards Bitcoin, with the BTC destined to become a new safe haven asset like gold, today the situation seems to have completely changed.
Bitcoin coronavirus collapse: how to invest with short trading
The Bitcoin price, in fact, has gone down to the same level as that which occurred on all the other markets. This step is significant because while the price of gold has flown due to panic-selling, the BTCUSD exchange rate has collapsed like so many other assets. Moral about what happened in the last few hours: Bitcoin has not shown to be the new gold but has behaved like all the other markets or collapsed.
It is not certain that what happened in the last hours is destined to become rules. Bitcoin, like all other cryptocurrencies, are by their very nature volatile and therefore today's collapse could only be a limited event and not the signal of an ongoing trend.
In other words, it cannot be excluded that the coronavirus emergency could raise the price of Bitcoin and other cryptocurrencies.
Bitcoin Coronavirus: rallies of up to $ 100,000 in 2020?
Due to the coronavirus emergency, the price of Bitcoin in 2020 could reach 100,000 dollars. To say it was Max Keizer. According to the expert, the panic selling that is being imposed all over the world will have a very profound impact on the adoption of cryptocurrencies.
Keizer, in a speech dated March 5, said that 2020 will be the second part of the financial crisis that started in 2008 and has never been completely overcome.
According to Keizer, this crisis will bring the price of Bitcoin up to $ 100,000 if not more. A decidedly optimistic forecast based entirely on the cause-and-effect relationship: the extension of the coronavirus epidemic will correspond to a rally in BTC prices. The leap forward in prices will be the result of the return of problems that already emerged in the financial crisis in 2008 and never completely overcome.
So the coronavirus can be configured as the classic detonate that is installed on an already deeply complex situation.
If the pandemic were to change from the coronavirus epidemic, the price of Bitcoin would no longer have any brake.
A provocation then came from Max Keizer: if Bitcoin were to become so precious, even JP Morgan's Jamie Dimon will be forced to ask the Federal Reserve for money to buy the BTC. Obviously this would be a mockery for the CEO of the important US investment bank who, a few years ago, claimed that Bitcoin was a scam.
In this context, Max Keiser concluded, even the most skeptical of Bitcoin, such as Peter Schiff, will implore having BTC in their wallet. Peter Schiff, in fact, is one of the gold admirers but at the same time he is one of the investors who most of all has always expressed himself against Bitcoin.
