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Safe Haven Narrative? Why Did Bitcoin Crash In Tandem With The Markets In March 2020?

Oh #Bitcoin, why have thou forsaken us? For years, a story emerged within the crypto area about Bitcoin as a store-of-value; a hedging asset significantly invaluable within the fashionable period throughout instances of economic calamity to the present banking system.

So why did BTC come crashing down together with conventional markets in March 2020 throughout the nice c-related unwinding of the financial system?

We discover feedback made by the Celsius Network CEO, Alex Mashinsky in his look on the David Pakman Show yesterday, how a flight-to-cash and Bitcoin as a risk-on, correlated asset had loads to do with the March panic sell-off, however Bitcoin perhaps maturing earlier than our very eyes.

Related Links:

https://cointelegraph.com/news/celsius-ceo-on-why-bitcoin-didnt-explode-during-covid-19-pandemic

https://youtu.be/Lt1aZitybvc

https://www.etoro.com/en-us/crypto/quarterly-report/

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Safe Haven Narrative? Why Did Bitcoin Crash In Tandem With The Markets In March 2020?

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3 Comments

  1. THIS IS SHOWTIME FOR BTC…..IF HALVING DOESNT HELP UPWARD PRICE MOVEMENT THEN ITS A FAILED PROJECT… AND BANKER/WANKERS WIN :/( ILL JUST KEEP SHAKING THE BUSH BOSS….)

  2. The only safe haven during a global melt down is food, guns and shelter. Bitcoin is safe haven when govs start inflating the currency stocks

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