If you follow my latest articles, you will see that I am very positive about the BTC price and I believe the COVID-19 will be a great catalyst to the rise of the Bitcoin value, this of course, due to certain measures of security taken by the government to prevent the expansion of the Virus that will minimize the use of paper notes that can spread more the virus than we think!
The imminent use of digital money to help fight against the spread of COVID-19 is a good advantage to put more crypto in the field and make them useful during the epidemic season. Bitcoin price devaluation in my perspective of view was carried for certain people who hold more than others (whales) that sold it high in huge quantity and the price dropped, and when the price was that down the same ones keep buying deep in more quantities so the price raises again, its a hell of strategy to Hold more!
If you follow the crypto tabloids you will note that there are more buyers now than ever, and no one can tell you if those ones are particular or institutional investors, but one thing is certain the buy orders are increasing!
Last Thursday the price broke the barrier of $6000 and it will keep increasing in price and with the new discovered cases of COVID-19 it can also increase more as people now are more concerned in store value as the China, the originated virus country isn't registered more new cases of the pandemic disease!
China englobed 70% of the miners of BTC and during the quarantine time there was a inquietude about they not working because of the event of COVID-19 but with the development of the virus in the country the BTC price surely will increase in a daily basis now! Don't get me wrong but it's how i see it!
One advice: Keep investing on Bitcoin and other crypto that you believe, the coming days, months, years will be more favourable to cryptocurrency all over the world!
**Keep safe and for each unknown symptoms go to the Hospital immediately, the corona virus is a deadly virus***
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