During the crisis caused by the coronavirus epidemic, Bitcoin (BTC) proved to be an excellent store of value.

Travis Kling, head of the Ikigai cryptocurrency investment fund, published some data on Twitter which testify how Bitcoin, despite the strong volatility, managed to preserve the investors' assets.

BTC has protected investor wealth

From February to today the BTC / USD pair has generated a modest return of 0.6% for investors, despite one of the most terrible financial implosions ever in March.

In fact, this crisis may have definitively shown that Bitcoin is a real store of value. After the collapse in March, the main cryptocurrency was in fact even less volatile than some traditional markets, including equities and oil.

The gradual dissociation of BTC from traditional market movements further reinforces the idea of cryptocurrencies as a tool for the long-term safeguard of wealth.

Panther CEO: BTC "comes of age" in 2020

Bloomberg editor Joe Weisenthal responded to Kling's arguments by stating that the US dollar was more stable than Bitcoin.

However, as highlighted by Kling himself, the continued introduction of money by the Fed has significantly increased the dollar's inflation rate.

In March Dan Morehead, founder and CEO of Pantera Capital, predicted that Bitcoin "will come of age" during this financial crisis.

The CEO admits that the future is uncertain, but stresses that during dark times people tend to invest their capital in quality assets. For this reason, in his opinion Bitcoin is in an excellent position to become a market leader.

The founder of Pantera Capital has not provided any precise prediction regarding the price of Bitcoin. However, in July 2019, he said it could reach $ 356,000 within a few years.