StormGain websiteThe onset of the novel coronavirus, or COVID-19, has become the defining event of 2020, affecting all walks of life as national authorities scramble to control the worldwide pandemic. The effect on financial markets has been dramatic and damaging. But, for Bitcoin and other cryptocurrencies, there is something of a silver lining.Coronavirus exposed the weakness of traditional financial instruments, however, crypto has proven surprisingly resilient. As a result, BTC and other cryptocurrencies have seen their investment values rise and enjoyed more attempts at their mainstream integration.Traditional finance\u2019s loss has been crypto\u2019s gainCOVID-19 brought supply lines grinding to a halt and saw many industries frantically cutting costs, laying off workers, and consequently putting huge pressure on the issuers of fiat currency to print, borrow, and spend their money to save their healthcare and economic infrastructures. This means inflation and devaluation of fiat currencies \u2014 an asset class that investors are sure to flee from.Even the almighty US dollar, the global reserve currency, has suffered under the Fed\u2019s quantitative easing measures to the point that holding USD nets zero or even negative returns.USD performance in 2020\/TradingViewIn tumultuous times like these, investors usually flee to safe haven assets: instruments that tend to be detached from the wider market, the classic example being gold.And because digital currencies do not exhibit the same market behaviour as fiat currencies, investors have also flocked to crypto, even going as far as to call BTC \u2018digital gold\u2019, since it has little correlation to the mainstream market. That doesn\u2019t tell the whole story, though certain features of Bitcoin and other cryptocurrencies \u2014 such as having a fixed supply and no central controlling authority \u2014 do make it an inflation-proof option during this time of shrinking global GDPs.Bitcoin, the original cryptocurrency, has seen a big boost over the course\u2026<\/p>","protected":false},"excerpt":{"rendered":"
StormGain websiteThe onset of the novel coronavirus, or COVID-19, has become the defining event of 2020, affecting all walks of life as national authorities scramble to [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2882"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=2882"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=2882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=2882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=2882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}