Coronavirus VS Bitcoin: Is BTC Immune To The Virus?

Pushing 90 day gains to over 32%, Bitcoin trading has shown increased volatility in response to the news of the Coronavirus spreading beyond China as expert warn the virus could have a significant global impact in various industries.

Now trading at USD$9,272, Bitcoin value is moving up as the Dow Jones is losing all its gains this year as global stock markets face selling pressure.

One example involves the Dow Jones Industrial Average which fell by more than 450 points on Monday, along side travel-related stocks also suffering sharp losses following concerns the Coronavirus outbreak could spread globally, and thereby impact worldwide economic growth negatively.

So, as stock exchanges around the planet are on high alert, digital currency trading will continue to rise and since the value of BTC is determined by the number of transactions that take place, the value of cryptocurrencies should continue to increase as long as the Coronavirus poses a threat to the economy.

Don’t Own Digital Currency?

Owning cryptocurrencies is easier than most people think. I wrote a post about it a while back, and since nothing has changed since I wrote the article, I recommend you give it a read HERE.

Is now a good time to invest in Bitcoin?

If you have disposable income, yes, now is a good time to invest in K’s… That being said, if you’re thinking of mortgaging your house to buy Bitcoin, then no, that’s not something I would recommend anyone do to further their financial future.

#TGBATG