Quote:
Originally Posted by MahiMike
That's what is puzzling to me though. Bitcoin and gold should be safe Haven's. I think everyone went to cash waiting to buy back in. Could be since it dumped so fast.
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Yeah, that was one theory. I can't really understand why someone would think, oh I need to sell all of my bitcoin as coronavirus hits but the proof is in the pudding. I think likely people on foreign exchanges who don't own their keys, getting worried it will get stuck in limbo. And it's going to halve in May. Hopefully we see improvement once that occurs..which is going to limit the amount of bitcoin that can ever be produced. It should help limit supply, which I would hope would increase price.