Coronavirus Is Shaping Up To Be Very Bad For Banks—But Not For Bitcoin

The coronavirus pandemic has turned the established status quo on its head with many businesses and industries still reeling.

The world’s biggest banks have seen their valuations plummet, with billionaire investor Warren Buffett bailing out of long-held bank stocks this year—and joining many other investors in betting on gold (though the Oracle of Omaha is still not keen on bitcoin).

As banks struggle in the post-Covid world, bitcoin and cryptocurrencies are expected to see a…


Source link

About bitcoin

Check Also

JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’

JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) …

Leave a Reply

Your email address will not be published. Required fields are marked *