Is bitcoin dead 2020

Bitcoin is dead almost. We take a look at the history of Bitcoin, how cryptocurrency has changed over the years, and if Updated on 16th September Cryptowisser: 75 Crypto Exchanges Dead in – More Will Follow. 5th October , leading Crypto service comparison site – Cryptowisser.

All of a sudden, bitcoin is beginning to look more legitimate than ever. Is bitcoin dead 2020 recent days, bitcoin has actually spiked upward again, making for its most dramatic movement since early May.

Throughout its brief but exciting existence, bitcoin has had its detractors. For the most part, the breadth of the is bitcoin dead 2020 between proponents and detractors has always been understandable, because bitcoin is still new is bitcoin dead 2020 it has always just click for source volatile.

This year has painted a different picture though. This is largely thanks to how the asset has responded to the coronavirus pandemic and ensuing financial crises around the world.

Early on, there were quick-trigger takes suggesting that bitcoin had is bitcoin dead 2020 failed this test — that its long-hoped-for potential as a safe haven is bitcoin dead 2020 fallen flatand it had simply is bitcoin dead 2020 alongside other assets and markets around the world.

While it did indeed experience a sharp and troubling crash, it followed with a far more rapid recovery than is bitcoin dead 2020 other valuable assets or commodities.

is bitcoin dead 2020 At least in this instance, it was a safe haven for those patient enough to withstand the dip. As noted, bitcoin is historically volatile, and this is partly responsible for the polarized opinions and outlooks it inspires.

This is reassuring for a lot of traders and analysts. Here be clear, most of these governments and institutions are not explicitly working with bitcoin.

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