As the US-China trade war shows no sign of abating, talk of a global economic slow down is rife. And while some analysts attribute Bitcoin’s recent resurgence to uncertainty within legacy markets, there are those who disagree with that sentiment. Indeed, critics say Bitcoin makes a poor investment, even in times of economic uncertainty.
Some Say Bitcoin Rules In A Crisis
Although today has seen a 6% fall in Bitcoin price, that doesn’t detract from its stellar performance of late. Taking into account today’s market dump, Bitcoin is still up 112% from the start of the year.
Since the 1st of January, Bitcoin experienced months of sideways action until the 1st of April. Which saw this year’s first parabolic jump. Some attributed this to a fake news event on the SEC approving Bitcoin ETFs.