YouTube Traders Pit Bitcoin Fundamentals Against Coronavirus Crisis
Bitcoin bulls Tone Vays and Carl “The Moon” Mertens analyze how the coronavirus crisis will impact Bitcoin’s long-term valuation.
With the arrival of the coronavirus potentially triggering a global economic meltdown, many are wondering how crypto’s most prominent asset will weather this financial storm.
The stock-to-flow model — which values Bitcoin based on its scarcity — shows the cryptocurrency is still on track to hit $100K in 2021. According to the indicator’s creator, everything is still “on S2F track” despite recent price drops. But can Bitcoin’s fundamentals prevail in the face of economic disaster?
YouTube Bitcoin bulls, Tone Vays and Carl “The Moon” Martin, tackle these topics and more: the causes of Bitcoin’s recent price drops, how Bitcoin could potentially transform into a safe haven asset, and what the crisis means for the halving and beyond.
Don’t miss Cointelegraph’s 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.