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With the arrival of the coronavirus doubtlessly triggering a worldwide financial meltdown, many are questioning how crypto’s most distinguished asset will climate this monetary storm.
The stock-to-flow mannequin — which values Bitcoin primarily based on its shortage — exhibits the cryptocurrency remains to be on monitor to hit $100Ok in 2021. In response to the indicator’s creator, every little thing remains to be “on S2F monitor” regardless of latest value drops. However can Bitcoin’s fundamentals prevail within the face of financial catastrophe?
YouTube Bitcoin bulls, Tone Vays and Carl “The Moon” Martin, deal with these matters and extra: the causes of Bitcoin’s latest value drops, how Bitcoin might doubtlessly remodel right into a secure haven asset, and what the disaster means for the halving and past.
Don’t miss Cointelegraph’s newest crypto market dialogue, and you should definitely watch until the tip for some nice recommendation on how you can preserve your earnings whereas the remainder of the economic system is plummeting.
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