5 Things That Will Make Bitcoin (BTC) HODL Players Happy

The upcoming global crisis and the new coronavirus (COVID-19) that could not be prevented missed the taste of the whole world. However, the stage where both global chaos and social life has come is showing more Bitcoin HODLing than ever.

Here are 5 situations that will make HODL players happy.

1. Bitcoin Can Prevent Large Devaluation

Perhaps one of the most curious about coronavirus pandemic is how governments are released magically unlimitedly to counteract their money. Central banks started to spread unlimited cash to the markets to combat the virus, but what happens next? Following the devaluation of global currencies, dangers such as widespread inflation and a decrease in purchasing power await us. Bitcoin has a fixed source. It will never lose its value, and its value will be more understood over time.

This is genius https://t.co/J2zShBUH9H pic.twitter.com/gsael8zzdw

– ₿it₿it (@BitBitCrypto) March 19, 2020

2. Halfway Approaching

At present, the halfway looks like a double-edged sword. If prices don’t improve, small-scale Bitcoin miners can shutter and miner capitulations may occur in the short term.

Bank of America is limiting cash withdrawals to $ 3,000. Expect that number to drop over the next few days.

– Tatiana Koffman ⚡️ (@tatianakoffman) March 16, 2020

However, in the long run, the half-life is expected to have a positive impact on prices. Thomas Lee from Fundstrat thinks that BTC can reach $ 40,000 by the end of the year. Also, cryptocurrency analyst Max Keizer says that $ 400,000 is on the horizon for BTC. According to the Stock Flow model created by analyst PlanB, it seems quite possible that BTC will exceed $ 70 thousand. These predictions are thought to come true during the chaos in global markets.

3. Nobody Can Take Your Bitcoin

The most feared event in global crises is the bankruptcy of banks. In this case, the bank seizes your assets or does not allow you to withdraw your money. Even if you have gold, it will be very difficult to hide your presence, and physical transportation poses a risk. However, when Bitcoin is transferred to cold wallets, no one can take your assets from you or impose any restrictions.

4. You can enter the Rich Club with 0.28 BTC

Remember, Bitcoin is just up the road. With the fiat currency on the brink of collapse and more and more people are looking for a way out of this crisis, BTC will prove its global value. When this happens, if you have 0.28 BTC, you can be among the richest 1% of Bitcoin.

5. BTC Shock Survived Quickly

Even gold could not escape the recent brutal collapse and took its share of the collapse in Bitcoin. However, BTC, which experienced a collapse with all assets, attracted the attention of everyone who was looking for a different investment as the best recovered asset in a short time. This shows that Bitcoin is preparing for new summits.