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According to the CEO of the hedge fund, Bitcoin gained as a store of value in the corona virus crisis

May 2, 2020

Bitcoin (BTC) worked very well as a store of value before the coronavirus crisis after raw data.

In one Discussion on Twitter On May 1, Travis Kling, head of Ikigai crypto hedge fund, presented new evidence that Despite the volatility, Bitcoin has preserved the wealth of its investors.

BTC protected owners from a “catastrophic event”

The BTC / USD pair has had stable yields of 0.6% since February, Kling said, to alleviate the pain “holders” may have had due to one of the most confusing financial implosions in recent history that occurred last month. Past.

According to the CEO of the hedge fund, Bitcoin gained as a store of value in the corona virus crisisAccording to the CEO of the hedge fund, Bitcoin gained as a store of value in the corona virus crisis

“The # Bitcoin price rose 0.60% from late February to late April in the midst of one of the most catastrophic economic events in history, “he said:

A store of value.

The story of Bitcoin as a store of value in its current state has undergone a metamorphosis since the early 2020s.

After the big decline in March, the major cryptocurrency had periods in which It was less volatile than traditional markets, including stocks and oil.

Signs of a gradual decoupling of market price movements further reinforce Bitcoin’s positive outlook as a long-term tool for maintaining prosperity.

Macro assets achieved since the beginning of the year

So far, the macro asset has returned this year. Source: Skew

Pantera CEO: BTC will “grow up” in 2020

In response to Kling, criticism of Bitcoin was quickly curtailed by Bloomberg’s publisher Joe Weisenthal, who argued that the US dollar was more stable.

As Kling and Cointelegraph logically emphasized before, that was huge dollar inflation regarding Bitcoin already does not allow you to compete for the security title.

Bitcoin’s inflation rate will drop to 1.8% in about two weeks if the third half cuts in half as a reward for mining its block halves.

So far, data from the skew monitoring device confirm this Bitcoin is the best macro asset resource. even Hit gold.

On this subject, Dan Morehead, CEO of Pantera Capital, he said this week:

Bitcoin was born in a financial crisis. That’s where he grows up.

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