March 6, 2021

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CryptoCompare report: Bitcoin will become more attractive during the crisis

1 min read
CryptoCompare report: Bitcoin will become more attractive during the crisis

A new report from CryptoCompare analysts focused on how investors use the 2020 crisis to preserve capital. The aim was to find out what the market conditions have been over the past weeks.

 

Given the massacre in the markets, many investors are wondering whether Bitcoin is really a safe haven. The analysis company focused on how traditional markets and assets react to the crisis. She then compared them with the king of digital currency.

 

CryptoCompare report: Bitcoin will become more attractive during the crisis

 

According to the report, Bitcoin still has to fight for a place in the sun to pull him out of the dark corner. Many conservative investors take cryptocurrencies as something that does not belong to the Wall Street world. However, as more players enter the markets, it will also improve its ability to become a traditional asset.

 

The report was specifically dedicated to halving. An event, that regularly attracts the attention of large medias, can attract many investors. Bitcoin is not subject to inflation.

 

It is also interesting how the various exchange offices behaved during the great downturn. The capital flowing into the market was so large that it opened huge streams of waiting orders. They then rolled like an avalanche. However, such a large drop in V-shape need not be anything wrong. The bottom disappeared in an instant.

 

CryptoCompare report: Bitcoin will become more attractive during the crisis

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