The global pandemic has been a major source of panic for international traders, as various currencies of the world are beginning to crash and experience gross devaluation, causing a significant financial collapse all around the world.
Major industries of the world have also been affected; a situation that has reflected in the recent losses that are recorded in the stock market.
At a critical stage like this, Bitcoin seems like a major safe haven for investment that could save investors and traders from the ongoing atrocity. It should be noted that the determinants of bitcoin volatility do not include financial firms, international banks, or any political/government policy, this implies that the current crash of currencies does not in any way affect the value or price of the cryptocurrency.
With this clearly acknowledged, there is no better way to save your funds from the impacts or influences of the global pandemic, than to buy and acquire more bitcoin that could help preserve those funds and keep you in business.
Bitcoin has been able to establish itself as predominant means of transaction, with its stability proven, and the volatility in its price expected to oscillate upward in the coming months, it might just be the most logical financial decision at this present time.