The prospects for all markets now look uncertain. Unemployment is growing, the status of fiat money is being leveled, and there are more and more reasons to pay attention to Bitcoin. Over the past day, several leading analysts and ordinary market participants immediately recalled the fundamental principles of decentralized money, because of which, apparently, they will always be in demand.

Bitcoin rises 10 times after halving

Despite some uncertainty about the upcoming halving and the fact that a low price could lead to the surrender of miners, the investor and analyst at PlanB  sure in the bullish nature of the May event:

2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving. Halving will be make-or-break for S2F model. I hope this halving will teach us more about underlying fundamentals & network effects

No one can freeze your bitcoins

This is a fundamental concept that is being actively discussed in the community. In times of global economic uncertainty, when banks set limits on withdrawals and may even freeze an account, it is worth remembering that no one can freeze your Bitcoins (unless, of course, it is stored in your own wallet).

And as an example, a recent comment:

Bitcoin is a choice, it is not imposed on you like fiat assets

Three days ago, investor Stephen Cole recalled that Bitcoin is more than just transferring values ​​without intermediaries or an effective way to store savings. In fact, this is a conscious choice to abandon the existing system:

Bitcoin independent of centralized participants

As the Federal Reserve and central banks around the world continue to print money to help large corporations, the fiat assets will eventually devalue significantly and inflation will rise.

At the same time, no one can interfere in the functioning of Bitcoin and make changes to the asset turnover system every day. How many bitcoins were issued to help corporations? Zero!

Bitcoin does not correlate with the stock market

This is a rather controversial statement, especially given the latest market dynamics. But well-known crypto analyst Scott Melker still claims that traditional and cryptocurrency assets are not correlated.

Economic chaos, which will be a reaction to the pandemic, will ultimately lead to the fact that the paths of Bitcoin and stocks again diverge:

In the past few weeks, stocks and Bitcoin have had similar price dynamics, but they are not correlated assets.

So keep in mind, no matter how gloomy your prospects may seem, there are many reasons to take a bullish stance on Bitcoin. These were only five of them ...