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Bitcoin Sees Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption?


Bitcoin Sees Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption?

Crypto traders have been closely watching the rapidly developing Coronvirus pandemic’s impacts on the global economy, as Bitcoin’s recent status as a risk-on asset has made it particularly prone to seeing volatility similar to that seen by the traditional markets. This risk-on asset classification may soon be nullified, however, as the benchmark cryptocurrency has seen a tremendous rise in adoption amongst new users throughout the past couple of weeks – according to new data. If this trend extends further, or accelerates in the coming days and weeks, it could signal that those fearing an economic crisis or collapse are turning to BTC – potentially shifting it to adhere to the previously invalidated “digital gold” narratives.

Economic Turbulence Rattles Investors as They Turn to Bitcoin

Because the global economy hasn’t ever been frozen in the way it is now, there’s no telling as to what the economic implications of this will be in the months and years after the pandemic passes. Read More...