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6 Explanations for Crypto's Fascination With Coronavirus

Is it about self-sovereignty? About BTC as a reserve asset? Or are we just Chicken Little prophets of doom?

Оновлено 13 вер. 2021 р., 12:21 пп Опубліковано 25 лют. 2020 р., 8:00 пп 1 min readПерекладено AI
Breakdown2.25

We're concerned about coronavirus, but why? Is it about self-sovereignty? About BTC as a reserve asset? Or are we just Chicken Little prophets of doom?

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The spread of Coronavirus has dominated the news cycle across industries, but the discussion has been particularly fierce in both the finance and tech worlds, with crypto right in the lead.

For a month or more, prominent crypto voices have been discussing the event in terms of skepticism of reported government cases, questions of market impact and plans for personal preparation.

NLW surveyed more than 1,500 people on Crypto Twitter to ask why the crypto community was so interested in the Coronavirus.

These were the top answers:

This episode of The Breakdown also features an excerpt from Hidden Forces Ep 123: Market Nihilism: Price Discovery in a World Where Nothing Matters | Ben Hunt & Grant Williams

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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(Anna Webber/Getty Images for Inc. at Inc. Founders House at SXSW)

The billionaire investor said he sold most of his bitcoin after concluding the cryptocurrency failed to act as a hedge during recent geopolitical turmoil and dollar weakness.

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  • Mark Cuban said he has sold most of his bitcoin holdings after concluding it failed to act as a hedge against a weakening dollar and geopolitical turmoil, particularly during the recent Iran conflict.
  • The billionaire investor, who once described bitcoin as a superior version of gold and held a crypto...