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Here’s why Bitcoin might be safe from a global stock market crisis

CryptocurrencySep 20, 2021 09:00PM ET
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Here’s why Bitcoin might be safe from a global stock market crisis

One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value. Others consider Bitcoin a technology project or a type of software with a corresponding network.

El Salvador’s adoption as legal tender will likely evidence the means of exchange functionality that the Lightning Network provides. The Layer-two scaling solution allows instant and insanely cheap transfers, although it requires regular on-chain transactions to enter or exit this parallel network.

Bitcoin vs. gold (precious metal) in 2020. Source: TradingView
Bitcoin vs. Hang Seng Index (stocks). Source: TradingView

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Here’s why Bitcoin might be safe from a global stock market crisis
 

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Comments (2)
Vv Pp
Vv Pp Sep 21, 2021 1:36AM ET
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cryptos are inevitable. RIP fiat and gold
Val Lange
Val Lange Sep 21, 2021 12:39AM ET
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When the market falls btc will be down twice. BTC worth zero, its just a game first in, firts out.
 
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