Did COVID-19 Help or Hurt the Case for Cryptocurrency?
The cryptocurrency market remains uncharted territory for many investors and businessmen. This is due to the sheer size of the market, with its multiple cryptocurrencies, and its volatility. Recently, however, there’s been a shift, as more entrepreneurs have become more willing to put their money into crypto. Bitcoin and Coronavirus, in particular, seem to be a pair often talked about. In fact, a recent report on CNBC states that ever since the Coronavirus Bitcoin values have been on the rise. This is because big investors started purchasing it. Now, the value of a single bitcoin is over $30,000, making it a more appealing option for mainstream investors. How much of this apparent surge is due to the effects of the pandemic? But note that it isn’t just Bitcoin Coronavirus has affected, but cryptocurrencies all across the crypto market. In this article, we’ll be laying out the positive and negative effects of the interplay between Coronavirus and cryptocurrency. […]