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With Covid-19 spreading at exponential rates it is having a major impact on the stock markets and there are growing fears amongst US stock traders. While the US stock market seems to be in a free fall Bitcoin has been on the rise, which accounting to this article, is making it a safe haven for US Stock Traders:
The exponential spread of the Covid-19 coronavirus, is sewing a new bout of fear in investors, which has triggered a major stock market sell-off
With no end in sight, Covid-19 may very well trigger the next global recession but do you think Bitcoin could play a role in rescuing the situation?
Rescuing situation? Doubt that. It can somehow become a safe haven (but so far we have no true proof of that). But the "check" will come when US authorities and companies will release their Q1 reports on industrial production, sales and profits.
This could turn the situation even worse than now.
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