Demonstrating Power on the Ascension Basis in Bitcoin (BTC)

Since the past weeks, the rest of the Bitcoin and crypto market has experienced a serious collapse after sales coming from stocks, precious metals, coronavirus outbreaks.

However, traditional exchanges have hardly recovered after this crash, and the leading crypto asset has gained almost more than 50 percent after its recent crash. This rise was interpreted as showing how solid and lively the foundation of Bitcoin is.

Given the 10-year adventure of Bitcoin, titles such as “Bitcoin is dead” and “this is the last flutter of Bitcoin” have been repeatedly repeated, but Bitcoin has been able to return to its destination by making a strong turn each time. After the collapse in the past weeks, this has become more serious and many analysts, including investors, have begun to say that the end may be coming for Bitcoin.

Liquidity Problem

Due to the coronavirus epidemic, liquidity problems started to occur in all markets. Some Bitcoin investors also made panic sales due to the epidemic, and because of this, Bitcoin could not find the support it was looking for and as a result, the leading crypto money fell to $ 3,800.

Bitcoin, which entered a rapid recovery process just a week after the collapse, has reached the level of $ 6,900 today, which means that Bitcoin gained more than 50 percent after the bottom of the last collapse.

This situation does not only show that the basis of Bitcoin is solid and vibrant, but also makes the rising Bitcoin attractive while investors are falling.

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What makes Bitcoin and other crypto units different from fiat currencies is that they are scarce as in precious metals. This feature means protecting Bitcoin investors against inflation.