For a long time, Bitcoin has had it's fair share of haters.
From people who have promised that Bitcoin was dead, to people who just plain up hated it, Bitcoin's ride to success hasn't been without it's speed bumps.
However, Bitcoin finally has a chance to clear its name and perform as the super asset it really is.
How?
Well, everything crashed. I mean EVERYTHING.
Gold, silver, platinum, the freaking S&P500. Some tanked harder than others, but Bitcoin tanked the hardest, losing 57% in total.
But, unsurprisingly, Bitcoin has been the fastest recovering, beating gold to recover 32% in total from its losses.
However, people aren't convinced yet that Bitcoin is a legitimate asset. Which is why I'm making this post.
I'm here to tell you that the world is officially in a big bear market.
This virus that is ravaging the world has led to the financial markets at an all time high dose of fear, uncertainty and doubt.
In fact, the infamous fear and greed index is pointing to extreme fear.
But remember what Warren Buffet said: Buy when everyone is scared, and sell when everyone is greedy.
That's exactly what should happen in Bitcoin's case. And this is Bitcoin's time to shut all the haters up.
Should Bitcoin scale through these perilous times to make a new ATH after the halving due in a few months, it will cement its reign as the supreme digital asset available for purchase.
It will also cement its status as a store of value, and will have a better chance of beating out gold in the long term.
However, we can only wait for time to reveal its secrets.
Thanks for reading.