what next for the tokens?

In the past month, as the coronavirus continues to have a devastating impact on the economy and the markets, stocks of gold, Bitcoins and other cryptocurrencies have all experienced record collapses. However, today the multiples stock market indices limited the rise, and safe haven gold returned to previous highs. Is Bitcoin the next asset to experience a sharp rise?

Stock market futures level off after opening, gold returns to previous highs

After record losses due to the global covid-19 pandemic and the resulting crash sale, the assets are finally showing signs of recovery. Earlier in the day, when the stock market opened, major futures contracts on US stock indices, such as the S&P 500 and the Dow, reached their peak. upper upper limit. The sharp increase is due to the fact that the government has released more information on economic stimulus packages, and that the spread of the virus is starting to slow down.

US stocks limit up. Gold back to the highs. That escalated quickly.

– Alex Krüger (@krugermacro) March 24, 2020

In addition to the stock market, gold rose again, returning to the highs it was trading in before the historic collapse. If the stimulus packages are positive to save the economy from further danger, the printing of money essentially causes a massive inflation, against which gold is the most common hedge due to the relative scarcity of this asset. Bitcoin is often called “digital gold” due to its rarity and other important attributes that are similar to precious metal. Bitcoin was designed to be deflationary, and only 21 million BTC can exist.

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As more and more fiat money is flooded in the market, this lowers the value of the asset. The decrease in the value of fiat can, in turn, cause the price of Bitcoin to rise. And with stocks limited to the upside, with gold recovering from previous levels, could Bitcoin soon rise above 10,000 dollars?

Coronavirus: will tokens increase by half?

It is certainly possible, and with the halving of assets in less than two months and the expected decrease in supply, the value of the cryptocurrency could skyrocket. Of course, it is not yet known what damage an event like the coronavirus will ultimately do to the economy, and since Bitcoin is a high risk speculative asset, its value could very well reach zero in such chaos. The Bitcoin value has almost doubled since the recent lows, suggesting that the asset recovery pump may have already taken place. However, these recent increases, while showing signs of recovery, may simply be bearish tests confirming previous support as resistance before the next step. The coming days will be particularly revealing to understand if the market is ready to recover completely or if it is simply a calm before the real storm that is looming.