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Bitcoin bulls Tone Vays and Carl âThe Moonâ Mertens analyze how the coronavirus crisis will impact Bitcoinâs long-term valuation.
With the arrival of the coronavirus potentially triggering a global economic meltdown, many are wondering how cryptoâs most prominent asset will weather this financial storm.
The stock-to-flow model â which values Bitcoin based on its scarcity â shows the cryptocurrency is still on track to hit $100K in 2021. According to the indicatorâs creator, everything is still âon S2F trackâ despite recent price drops. But can Bitcoinâs fundamentals prevail in the face of economic disaster?
YouTube Bitcoin bulls, Tone Vays and Carl âThe Moonâ Martin, tackle these topics and more: the causes of Bitcoinâs recent price drops, how Bitcoin could potentially transform into a safe haven asset, and what the crisis means for the halving and beyond.
Donât miss Cointelegraphâs latest crypto market discussion, and be sure to watch till the end for some great advice on how to maintain your profits while the rest of the economy is plummeting.
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