InvestorQ : Is it true that the COVID-19 has again revived interest in Bitcoins?
Sam Eswaran made post

Is it true that the COVID-19 has again revived interest in Bitcoins?

Answer
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swati Bakhda answered.
6 months ago


In a way, the situation during COVID-19 is almost like the 2008 financial crisis when central banks continued to print currency at their whims and fancies. In March 2020, as the Dow Jones Industrial Average shed nearly one-third of its value, Bitcoin felt the deep pain of a panic-driven liquidity crunch, driven by institutional investors pulling out, and losing over half its value — from $9,100 to $4,100. However, it has been seen in the past that interest does veer towards a more limited currency like Bitcoin, especially since gold is already quite steeply priced.