YouTube Traders Pit Bitcoin Fundamentals Against Coronavirus Crisis

March 12, 2020

59 1 minute read

Cryptocurrency News10 hours ago (Mar 11, 2020 06:00PM ET)

YouTube Traders Pit Bitcoin Fundamentals Against Coronavirus Crisis

With the arrival of the coronavirus potentially triggering a global economic meltdown, many are wondering how crypto’s most prominent asset will weather this financial storm.

The stock-to-flow model — which values Bitcoin based on its scarcity — shows the cryptocurrency is still on track to hit $100K in 2021. According to the indicator’s creator, everything is still “on S2F track” despite recent price drops. But can Bitcoin’s fundamentals prevail in the face of economic disaster?

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